SmarTrend identified an Uptrend for Shire SHPGY on June 29, 2011 at $92.67. In approximately 3 weeks, Shire has returned 8.7% as of today's recent price of $100.75.
In the past 52 weeks, shares of Shire have traded between a low of $63.92 and a high of $100.61 and are now at $100.75, which is 58% above that low price.
Shire is currently above its 50-day moving average of $93.13 and above its 200-day moving average of $82.37. Look for these moving averages to climb to confirm the company's upward momentum.
In the last five trading sessions, the 50-day MA has climbed 0.5% while the 200-day MA has risen 0.57%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Shire shares.
Write to Chip Brian at cbrian@mysmartrend.com
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