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Delhaize Group Shares Up 26.1% Since SmarTrend's Buy Recommendation (DEG)
Jan 17, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Delhaize Group (NYSE:DEG) on November 30th, 2012 at $37.04. In approximately 2 months, Delhaize Group has returned 26.05% as of today's recent price of $46.69.
In the past 52 weeks, shares of Delhaize Group have traded between a low of $32.11 and a high of $57.85 and are now at $46.69, which is 45% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.8%.
Delhaize Group operates supermarkets, drugstores, discount stores, and health and beauty shops throughout Belgium and abroad. The stores operate under the names Food Lion, MegaImage, AB Mega, Delvita, Tom & Company, SuperIndo, Le Lion, A.D. Delhaize, Superettes Delhaize, Di, Caddy-Home, P.G., Alfa-Beta, Super Discount Markets, Kash N' Karry, Hannaford, Shop N' Go, and Proxy Delhaize.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Delhaize Group shares.Log in and add Delhaize Group (DEG) 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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