Uptrend Spotted in Shares of Sotheby's (BID)
SmarTrend identified an Uptrend for Sotheby's (NYSE: BID) on November 05, 2009 at $17.25. In approximately 3 months, Sotheby's has returned 37.2% as of today's recent price of $23.67.
Sotheby's is currently above its 50-day moving average of $22.25 and above its 200-day moving average of $16.36. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Sotheby's shares.
Write to Chip Brian at cbrian@tradethetrend.com
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