Uptrend Spotted in Shares of Boots & Coots (WEL)
SmarTrend identified an Uptrend for Boots & Coots (AMEX: WEL) on January 04, 2010 at $1.66. In approximately 2 months, Boots & Coots has returned 26.5% as of Thursday's closing price of $2.10.
Boots & Coots is currently above its 50-day moving average of $1.76 and above its 200-day moving average of $1.51. 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 Boots & Coots shares.
Write to Chip Brian at cbrian@tradethetrend.com
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