SmarTrend Detects Continued Buying Pressure in Shares of ICO (ICOC)

SmarTrend identified an Uptrend for ICO ICOC on December 03, 2009 at $6.56. In approximately 2 months, ICO has returned 18.1% as of today's recent price of $7.75.

ICO is currently above its 50-day moving average of $6.74 and above its 200-day moving average of $4.39. 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 ICO shares.

Write to Chip Brian at cbrian@tradethetrend.com

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