SmarTrend identified an Uptrend for Cephalon CEPH on March 29, 2011 at $58.37. In approximately 4 months, Cephalon has returned 34.6% as of today's recent price of $78.55.
In the past 52 weeks, shares of Cephalon have traded between a low of $54.15 and a high of $81.11 and are now at $78.55, which is 45% above that low price.
Cephalon is currently above its 200-day moving average of $69.31 and should find resistance at its 50-day moving average of $79.85. 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 remained constant while the 200-day MA has risen 0.32%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cephalon shares.
Write to Chip Brian at cbrian@mysmartrend.com
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