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Shares of MITK Up 39.2% Since Uptrend Call on Shares
Mar 30, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Mitek Systems (NASDAQ:MITK) on December 8th, 2011 at $8.34. In approximately 4 months, Mitek Systems has returned 39.17% as of today's recent price of $11.60.
Mitek Systems share prices have moved between a 52-week high of $13.11 and a 52-week low of $4.05 and are now trading 187% above that low price at $11.62 per share. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 2.6%.
Mitek Systems is the leader in mobile-imaging solutions, achieved through 25 years of R & D, patented technology and extensive experience in extractive imaging. The company invented and patented leading software solutions that allow consumers to use the cameras on their smartphones and tablets to deposit checks, pay bills, get quotes and transfer balances ... all by just snapping photos of documents. Offering outstanding customer experience and convenience while driving operational efficiencies, Mitek Systems' solutions enable organizations across industries to differentiate themselves from their competitors, attract and retain customers and ultimately increase their revenue and profitability. Current products include Mobile Deposit(R), Mobile Photo Bill Pay(TM), Mobile Balance Transfer(TM), Mobile ACH Enrollments(TM), Mobile Receipt(TM) and the Mobile Imaging Cloud(TM) platform.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Mitek Systems shares.Log in and add Mitek Systems (MITK) 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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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
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