Market Overview

Recent 52-Week High Exceeded in Shares of Blue Chip Value Fund (BLU)

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(via COMTEX News Network)--

Shares of Blue Chip Value Fund (NYSE: BLU) traded at a new 52-week high today of $3.91. Approximately 85,000 shares have traded hands today vs. average 30-day volume of 93,000 shares.

Blue Chip Value Fund is currently trading at $3.89, approximately 4.7% above its 50-day moving average of $3.72. SmarTrend will be monitoring shares of BLU to see if this bullish momentum will continue.

In the last five trading sessions, the 50-day MA has climbed 0.76% while the 200-day MA has risen 0.28%.

In the past 52 weeks, shares of Blue Chip Value Fund have traded between a low of $2.76 and a high of $3.86 and are now at $3.86, which is 40% above that low price.

SmarTrend currently has shares of Blue Chip Value Fund in an Uptrend and issued the Uptrend alert on September 20, 2010 at $3.18. The stock has risen 21.4% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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