Market Overview

Atmel Upward Momentum Looks to Continue (ATML)

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SmarTrend identified an Uptrend for Atmel (NASDAQ: ATML) on March 17, 2010 at $5.18. In approximately 1 month, Atmel has returned 8.5% as of today's recent price of $5.62.

Atmel is currently above its 50-day moving average of $5.17 and above its 200-day moving average of $4.50. 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 Atmel shares.

Write to Chip Brian at cbrian@tradethetrend.com

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