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Aspen Technology Shares Up 26.6% Since SmarTrend's Buy Recommendation (AZPN)
Jan 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Aspen Technology (NASDAQ:AZPN) on May 2nd, 2012 at $21.83. In approximately 8 months, Aspen Technology has returned 26.61% as of today's recent price of $27.64.
Over the past year, Aspen Technology has traded in a range of $15.97 to $27.89 and is now at $27.64, 73% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.
Aspen Technology, Inc. supplies software products and services for the analysis, design, and automation of process manufacturing facilities. The Company's software and services are used by companies in the chemical, petroleum, pharmaceuticals, pulp and paper, and metals industries.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Aspen Technology shares.Log in and add Aspen Technology (AZPN) 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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