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After Yesterday's Decline of 2.54%, Cameron International Offers Investors Better Value
Jan 08, 2013 (SmarTrend(R) News Watch via COMTEX) --
Cameron International (NYSE:CAM) traded in a range yesterday that spanned from a low of $57.10 to a high of $58.34. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $57.58 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend recommended that subscribers consider buying shares of Cameron International on November 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.70. Since that recommendation, shares of Cameron International have risen 9.4%. We continue to monitor CAM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Cameron International share prices have moved between a 52-week high of $60.00 and a 52-week low of $38.38 and are now trading 49% above that low price at $57.27 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.
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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