SmarTrend Detects Continued Buying Pressure in Shares of BioScrip (BIOS)
SmarTrend identified an Uptrend for BioScrip (NASDAQ: BIOS) on February 26, 2010 at $7.59. In approximately 3 weeks, BioScrip has returned 8.7% as of Thursday's closing price of $8.25.
BioScrip is currently above its 50-day moving average of $7.72 and above its 200-day moving average of $6.91. 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 BioScrip shares.
Write to Chip Brian at cbrian@tradethetrend.com
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