SmarTrend's Trend Spotter Sees Continued Upward Momentum on Shares of Corriente Resources (ETQ)

SmarTrend identified an Uptrend for Corriente Resources ETQ on August 10, 2009 at $6.46. In approximately 6 months, Corriente Resources has returned 24.3% as of today's recent price of $8.03.

Corriente Resources is currently above its 50-day moving average of $7.22 and above its 200-day moving average of $6.47. 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 Corriente Resources shares.

Write to Chip Brian at cbrian@tradethetrend.com

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