Ruddick: The Trend Continues Higher (RDK)
SmarTrend identified an Uptrend for Ruddick (NYSE: RDK) on January 22, 2010 at $27.06. In approximately 2 months, Ruddick has returned 19.3% as of today's recent price of $32.29.
Ruddick is currently above its 50-day moving average of $28.14 and above its 200-day moving average of $26.44. 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 Ruddick shares.
Write to Chip Brian at cbrian@tradethetrend.com
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