SmarTrend's Trend Spotter Sees Continued Upward Momentum on Shares of Approach Resources (AREX) - 3/9/2010 5:26:44 PM
SmarTrend identified an Uptrend for Approach Resources (NASDAQ:AREX) on December 21, 2009 at $7.47. In approximately 3 months, Approach Resources has returned 28.8% as of today's recent price of $9.62.
Approach Resources is currently above its 50-day moving average of $8.17 and above its 200-day moving average of $7.89. 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 Approach Resources shares.
