Market Overview

Uptrend Spotted in Shares of Actel (ACTL)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for Actel (NASDAQ: ACTL) on July 13, 2010 at $13.99. In approximately 3 months, Actel has returned 51.1% as of today's recent price of $21.13.

Actel is currently above its 50-day moving average of $15.50 and above its 200-day moving average of $14.03. 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 Actel shares.

Write to Chip Brian at cbrian@tradethetrend.com

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