SmarTrend identified an Uptrend for Lubrizol LZ on February 02, 2011 at $113.94. In approximately 6 months since that trend was identified, Lubrizol has returned 17.7% as of today's recent price of $134.15.
In the past 52 weeks, shares of Lubrizol have traded between a low of $86.33 and a high of $136.16 and are now at $134.15, which is 55% above that low price.
Lubrizol is currently above its 200-day moving average of $121.34 and should find resistance at its 50-day moving average of $134.40. 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 0.26%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Lubrizol shares.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
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