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Sparton Shares Up 56.8% Since SmarTrend's Buy Recommendation (SPA)
Jan 22, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Sparton (NYSE:SPA) on June 26th, 2012 at $9.57. In approximately 7 months, Sparton has returned 56.84% as of today's recent price of $15.01.
In the past 52 weeks, shares of Sparton have traded between a low of $7.83 and a high of $15.03 and are now at $15.01, which is 92% above that low price. The 200-day and 50-day moving averages have moved 1.10% higher and 0.58% higher over the past week, respectively.
Sparton Corporation provides electronic manufacturing services, including design and/or manufacture of a variety of electronic and electromechanical products and assemblies. The Company's products include microprocessor-based systems, transducers, printed circuit boards, and sensors. Sparton also develops and manufactures sonobuoys, which are anti-submarine warfare devices.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Sparton shares.Log in and add Sparton (SPA) 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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