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TMCNet:  Cameron International Rises 3.58% on Heavy Volume: Watch For Potential Pullback

[November 15, 2012]

Cameron International Rises 3.58% on Heavy Volume: Watch For Potential Pullback

Nov 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Cameron International (NYSE:CAM) traded in a range yesterday that spanned from a low of $51.10 to a high of $53.15. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $51.86 on volume of 4.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


In the past 52 weeks, shares of Cameron International have traded between a low of $38.38 and a high of $60.00 and are now at $52.67, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cameron International on October 3rd, 2012 by issuing a Downtrend alert when the shares were trading at $55.06. Since that call, shares of Cameron International have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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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