Uptrend Spotted in Shares of Barclays (BCS)

SmarTrend identified an Uptrend for Barclays BCS on February 22, 2010 at $19.77. In approximately 1 month, Barclays has returned 11.5% as of today's recent price of $22.05.

Barclays is currently above its 50-day moving average of $19.50 and above its 200-day moving average of $20.85. 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 Barclays shares.

Write to Chip Brian at cbrian@tradethetrend.com

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