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Shares of MEI Up 37.3% Since Uptrend Call on Shares
Mar 14, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Methode Electronics (NYSE:MEI) on December 21st, 2012 at $9.84. In approximately 3 months, Methode Electronics has returned 37.26% as of today's recent price of $13.50.
In the past 52 weeks, Methode Electronics share prices have been bracketed by a low of $6.94 and a high of $14.02 and are now at $13.50, 95% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 2.0%.
Methode Electronics, Inc. manufactures component devices worldwide. The Company's products are sold to original equipment manufacturers of information processing and networking equipment, voice and data communications systems, consumer electronics, automobiles, aerospace vehicles, and industrial equipment.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Methode Electronics shares.Log in and add Methode Electronics (MEI) 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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