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Macquarie Infrastructure Up 38.2% Since SmarTrend Uptrend Call (MIC)
Jan 18, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Macquarie Infrastructure (NYSE:MIC) on July 3rd, 2012 at $34.62. In approximately 7 months, Macquarie Infrastructure has returned 38.21% as of today's recent price of $47.84.
In the past 52 weeks, Macquarie Infrastructure share prices have been bracketed by a low of $27.25 and a high of $48.38 and are now at $47.72, 75% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.8%.
Macquarie Infrastructure Company LLC owns, operates, and invests in infrastructure businesses in the United States. The Company's businesses and investments include an airport services business, a gas production and distribution, a district energy business, off-airport parking business and an interest in a company that owns and operates a bulk liquid storage terminals.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Macquarie Infrastructure shares.Log in and add Macquarie Infrastructure (MIC) 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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