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MEMC Electronic Materials Shares Up 82.6% Since SmarTrend's Buy Recommendation (WFR)
Feb 15, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for MEMC Electronic Materials (NYSE:WFR) on November 29th, 2012 at $2.93. In approximately 3 months, MEMC Electronic Materials has returned 82.56% as of today's recent price of $5.34.
Over the past year, MEMC Electronic Materials has traded in a range of $1.44 to $5.49 and is now at $5.34, 271% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 3.9%.
MEMC Electronic Materials, Inc. produces silicon wafers. The Company's products are used in computers, telecommunications equipment, automobiles, consumer electronics products, industrial automation and control systems, and analytical and defense systems. MEMC operates manufacturing facilities in Italy, Japan, Malaysia, South Korea, Taiwan, and the United States.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MEMC Electronic Materials shares.Log in and add MEMC Electronic Materials (WFR) 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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