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31.4% Return Seen to Date on SmarTrend MicroStrategy Call (MSTR)
Nov 23, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for MicroStrategy (NASDAQ:MSTR) on October 4th, 2012 at $126.31. In approximately 2 months, MicroStrategy has returned 31.36% as of today's recent price of $86.70.
MicroStrategy share prices have moved between a 52-week high of $178.58 and a 52-week low of $83.76 and are now trading 4% above that low price at $86.70 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.4%.
MicroStrategy Incorporated provides business intelligence software and related services. The Company's technology platform enables departments and enterprises to deploy Web-based reporting and analysis solutions. MicroStrategy also offers consulting, training, and support services. Solutions are provided to retail, finance, telecommunications, insurance, dot-com, and healthcare industries.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of MicroStrategy.
Log in and add MicroStrategy (MSTR) 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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