Market Overview

Uptrend Call Realized As L'Oreal Stock Rises 7.2% (LRLCY)

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SmarTrend identified an Uptrend for L'Oreal (NASDAQ: LRLCY) on March 30, 2011 at $23.38. In approximately 2 months since that trend was identified, L'Oreal has returned 7.2% as of Thursday's closing price of $25.06.

In the past 52 weeks, shares of L'Oreal have traded between a low of $17.46 and a high of $25.85 and are now at $25.06, which is 44% above that low price.

L'Oreal is currently above its 50-day moving average of $23.87 and above its 200-day moving average of $22.81. 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 0.35% while the 200-day MA has risen 0.2%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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