Warner Music Upward Momentum Looks to Continue (WMG)
SmarTrend identified an Uptrend for Warner Music (NYSE: WMG) on March 01, 2010 at $6.09. In approximately 2 weeks, Warner Music has returned 14.9% as of today's recent price of $7.00.
Warner Music is currently above its 50-day moving average of $5.61 and above its 200-day moving average of $5.65. 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 Warner Music shares.
Write to Chip Brian at cbrian@tradethetrend.com
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