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Schulman Up 35.2% Since SmarTrend Uptrend Call (SHLM)
Jan 10, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Schulman (NASDAQ:SHLM) on July 10th, 2012 at $22.45. In approximately 6 months, Schulman has returned 35.19% as of today's recent price of $30.35.
In the past 52 weeks, Schulman share prices have been bracketed by a low of $17.75 and a high of $30.55 and are now at $30.33, 71% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 1.39% higher over the past week, respectively.
A. Schulman, Inc. supplies plastic compounds and resins which are used as raw materials by its customers. The Company combines basic resins purchased from basic resin producers and enhances them with additives. Schulman generally produces compounds to meet customer requirements and on the basis of customer commitments, but also buys and then resells prime and off-grade plastic resins.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Schulman shares.Log in and add Schulman (SHLM) 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
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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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