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Farmer Bros Shares Up 58.1% Since SmarTrend's Buy Recommendation (FARM)
Jan 17, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Farmer Bros (NASDAQ:FARM) on August 17th, 2012 at $8.91. In approximately 5 months, Farmer Bros has returned 58.11% as of today's recent price of $14.08.
In the past 52 weeks, Farmer Bros share prices have been bracketed by a low of $6.73 and a high of $15.37 and are now at $14.08, 109% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.0%.
Farmer Brothers Co. roasts, packages and distributes coffee and allied products to restaurants, hotels, hospitals, convenience stores, and fast food outlets.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Farmer Bros shares.Log in and add Farmer Bros (FARM) 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
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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