SmarTrend Detects Continued Buying Pressure in Shares of Timberland (TBL)
SmarTrend identified an Uptrend for Timberland (NYSE: TBL) on September 22, 2009 at $14.21. In approximately 6 months, Timberland has returned 46.6% as of today's recent price of $20.83.
Timberland is currently above its 50-day moving average of $18.43 and above its 200-day moving average of $15.66. 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 Timberland shares.
Write to Chip Brian at cbrian@tradethetrend.com
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