Uptrend Call Realized As AXT Stock Rises 13.6% (AXTI)

SmarTrend identified an Uptrend for AXT AXTI on March 28, 2011 at $7.20. In approximately 5 months, AXT has returned 13.6% as of today's recent price of $8.17.

In the past 52 weeks, shares of AXT have traded between a low of $4.99 and a high of $12.23 and are now at $8.17, which is 64% above that low price.

AXT is currently above its 50-day moving average of $7.90 and should find resistance at its 200-day moving average of $8.25. 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 fallen 0.17% while the 200-day MA has risen 0.22%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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