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TMCNet: Shares of ABVT Up 40.0% Since Uptrend Call on Shares

[April 11, 2012]

Shares of ABVT Up 40.0% Since Uptrend Call on Shares

Apr 11, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for AboveNet (NASDAQ:ABVT) on November 30th, 2011 at $59.39. In approximately 4 months, AboveNet has returned 39.97% as of today's recent price of $83.12.


In the past 52 weeks, shares of AboveNet have traded between a low of $49.79 and a high of $84.54 and are now at $83.12, which is 67% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.9%.

AboveNet, Inc. provides fiber optic connectivity solutions for businesses and carriers. Its optical network delivers key network and IP services in U.S. metro markets and London. AboveNet's network used in different markets such as financial services, media, health care, retail and government.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of AboveNet shares.Log in and add AboveNet (ABVT) 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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