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Shares of FOE Up 74.5% Since Uptrend Call on Shares
Feb 15, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Ferro (NYSE:FOE) on December 18th, 2012 at $3.22. In approximately 2 months, Ferro has returned 74.49% as of today's recent price of $5.61.
In the past 52 weeks, Ferro share prices have been bracketed by a low of $2.38 and a high of $7.20 and are now at $5.60, 135% 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 5.2%.
Ferro Corporation produces performance materials for industry by utilizing organic and inorganic chemistry. The Company produces a variety of coatings, colors, ceramics, chemicals, plastics, and related products. The Company's primary markets are building and renovation, major appliances, household furnishings, transportation, industrial products, packaging, and leisure products.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ferro shares.Log in and add Ferro (FOE) 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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