Market Overview

SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of ADAM (ADAM)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for ADAM (NASDAQ: ADAM) on August 04, 2010 at $3.65. In approximately 4 months, ADAM has returned 78.3% as of today's recent price of $6.50.

In the past 52 weeks, shares of ADAM have traded between a low of $2.95 and a high of $8.19 and are now at $6.50, which is 120% above that low price.

ADAM is currently above its 200-day moving average of $4.51 and should find resistance at its 50-day moving average of $6.69. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 0.63% while the 200-day MA has risen 1.1%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of ADAM shares.

Write to Chip Brian at cbrian@tradethetrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

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