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CapitalSource Shares Up 40.7% Since SmarTrend's Buy Recommendation (CSE)
Mar 14, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for CapitalSource (NYSE:CSE) on July 3rd, 2012 at $6.83. In approximately 8 months, CapitalSource has returned 40.66% as of today's recent price of $9.60.
In the past 52 weeks, shares of CapitalSource have traded between a low of $5.96 and a high of $9.74 and are now at $9.59, which is 61% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.6%.
CapitalSource Inc. provides loans to small and medium-sized businesses. The Company seeks to lend to businesses that require customized and sophisticated debt financing. CapitalSource offers a variety of loan products, including senior asset-based loans, senior cash flow loans, mortgage loans and mezzanine loans.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of CapitalSource shares.Log in and add CapitalSource (CSE) 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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