Friday, January 29, 2010 4:25:28 PM
Jan 29, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Toreador Resources (NASDAQ:TRGL) on December 28, 2009 at $9.93. In approximately 1 month, Toreador Resources has returned 30.9% as of today's recent price of $13.00.
Toreador Resources is currently above its 50-day moving average of $9.63 and above its 200-day moving average of $7.15. 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 Toreador Resources shares.
Write to Chip Brian at cbrian@tradethetrend.com
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