SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Sara Lee (SLE)
SmarTrend identified an Uptrend for Sara Lee (NYSE: SLE) on September 25, 2009 at $11.18. In approximately 6 months, Sara Lee has returned 26.2% as of today's recent price of $14.11.
Sara Lee is currently above its 50-day moving average of $12.93 and above its 200-day moving average of $11.29. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Sara Lee shares.
Write to Chip Brian at cbrian@tradethetrend.com
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