SmarTrend's Trend Spotter Sees Continued Upward Momentum on Shares of Landstar System (LSTR)
SmarTrend identified an Uptrend for Landstar System (NASDAQ: LSTR) on February 17, 2010 at $37.76. In approximately 4 weeks, Landstar System has returned 9.6% as of today's recent price of $41.39.
Landstar System is currently above its 50-day moving average of $38.45 and above its 200-day moving average of $37.37. 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 Landstar System shares.
Write to Chip Brian at cbrian@tradethetrend.com
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