Uptrend Spotted in Shares of Pinnacle Entertainment (PNK)
SmarTrend identified an Uptrend for Pinnacle Entertainment (NYSE: PNK) on March 05, 2010 at $8.39. In approximately 2 weeks, Pinnacle Entertainment has returned 9.8% as of today's recent price of $9.21.
Pinnacle Entertainment is currently above its 50-day moving average of $8.18 and should find resistance at its 200-day moving average of $9.58. 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 Pinnacle Entertainment shares.
Write to Chip Brian at cbrian@tradethetrend.com
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