Dec 03, 2010 (SmarTrend(R) Spotlight via COMTEX) –
SmarTrend identified an Uptrend for Polycom (PLCM) on October 18, 2010 at $29.13. In approximately 2 months, Polycom has returned 32.7% as of today’s recent price of $38.66.
In the past 52 weeks, shares of Polycom have traded between a low of $21.17 and a high of $38.12 and are now at $38.66, which is 83% above that low price.
Polycom is currently above its 50-day moving average of $32.12 and above its 200-day moving average of $30.36. 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 1.02%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Polycom shares.
Write to Chip Brian at cbrian@tradethetrend.com
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Copyright, Comtex News Network, Inc. 2010
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Article source: http://www.investors.com/NewsAndAnalysis/Newsfeed/Article/123042334/201012031338/Polycom-The-Trend-Continues-Up-PLCM-.aspx