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Shares of FIG Up 78.5% Since Uptrend Call on Shares
Feb 15, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Fortress Investment (NYSE:FIG) on July 10th, 2012 at $3.54. In approximately 7 months, Fortress Investment has returned 78.53% as of today's recent price of $6.32.
Fortress Investment share prices have moved between a 52-week high of $6.43 and a 52-week low of $2.86 and are now trading 121% above that low price at $6.32 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has risen 1.1%.
Fortress Investment Group LLC is an alternative asset manager. The Company raises, invests and manages private equity funds, hedge funds and publically traded alternative investment vehicles.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Fortress Investment shares.Log in and add Fortress Investment (FIG) 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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