12.2% Return Seen to Date on SmarTrend Quidel Call (QDEL)

SmarTrend identified an Uptrend for Quidel QDEL on April 29, 2011 at $13.32. In approximately 3 months, Quidel has returned 12.2% as of today's recent price of $14.95.

In the past 52 weeks, shares of Quidel have traded between a low of $10.75 and a high of $16.30 and are now at $14.95, which is 39% above that low price.

Quidel is currently above its 200-day moving average of $13.52 and should find resistance at its 50-day moving average of $15.27. 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 0.33% while the 200-day MA has risen 0.49%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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