SmarTrend identified an Uptrend for Allied Healthcare AHCI on April 25, 2011 at $2.62. In approximately 4 months since that trend was identified, Allied Healthcare has returned 44.2% as of today's recent price of $3.77.
In the past 52 weeks, shares of Allied Healthcare have traded between a low of $1.86 and a high of $3.85 and are now at $3.77, which is 103% above that low price.
Allied Healthcare is currently above its 50-day moving average of $2.64 and above its 200-day moving average of $2.59. 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 2.8% while the 200-day MA has risen 0.66%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Allied Healthcare 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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