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20.4% Return Seen to Date on SmarTrend Ascent Media Call (ASCMA)
Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Ascent Media (NASDAQ:ASCMA) on September 10th, 2012 at $53.28. In approximately 5 months, Ascent Media has returned 20.36% as of today's recent price of $64.12.
In the past 52 weeks, Ascent Media share prices have been bracketed by a low of $44.90 and a high of $65.30 and are now at $64.12, 43% above that low price. The 200-day and 50-day moving averages have moved 0.68% higher and 0.70% higher over the past week, respectively.
Ascent is a holding company and owns 100 percent of its operating subsidiaries, including Monitronics, one of the nation's largest, fastest-growing home security alarm monitoring companies, headquartered in Dallas, TX, and certain former subsidiaries of Ascent Media Group, LLC.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ascent Media shares.Log in and add Ascent Media (ASCMA) 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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