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33.2% Return Seen to Date on SmarTrend Iconix Brand Call (ICON)
Feb 27, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Iconix Brand (NASDAQ:ICON) on July 5th, 2012 at $17.98. In approximately 8 months, Iconix Brand has returned 33.18% as of today's recent price of $23.94.
In the past 52 weeks, shares of Iconix Brand have traded between a low of $14.27 and a high of $26.05 and are now at $23.80, which is 67% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.7%.
Iconix Brand Group, Inc. manages brands. The Company licenses its brand names to retailers and manufacturers throughout the world.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Iconix Brand shares.Log in and add Iconix Brand (ICON) 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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