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TMCNet:  Shares of PIKE Up 9.1% Since Uptrend Call on Shares

[December 10, 2012]

Shares of PIKE Up 9.1% Since Uptrend Call on Shares

Dec 10, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Pike Electric (NYSE:PIKE) on October 31st, 2012 at $9.08. In approximately 1 month, Pike Electric has returned 9.09% as of today's recent price of $9.90.


In the past 52 weeks, shares of Pike Electric have traded between a low of $6.68 and a high of $10.99 and are now at $9.90, which is 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.0%.

Pike Electric Corporation is a third-party provider of outsourced electric distribution and transmission services in the United States. The Company's core activities consist of the maintenance, upgrade, and extension of electric distribution and sub-500 kilovolt transmission power lines for electric utilities, cooperatives, and municipalities.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Pike Electric shares.Log in and add Pike Electric (PIKE) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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