Market Overview

Uptrend Spotted in Shares of Blue Chip Value Fund (BLU)

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(via COMTEX News Network)--

SmarTrend identified an Uptrend for Blue Chip Value Fund (NYSE: BLU) on September 20, 2010 at $3.18. In approximately 5 months, Blue Chip Value Fund has returned 24.2% as of today's recent price of $3.95.

In the past 52 weeks, shares of Blue Chip Value Fund have traded between a low of $2.76 and a high of $3.93 and are now at $3.95, which is 43% above that low price.

Blue Chip Value Fund is currently above its 50-day moving average of $3.77 and above its 200-day moving average of $3.33. 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 0.46% while the 200-day MA has risen 0.23%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Blue Chip Value Fund 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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