Looks like we are regaining an upward trend line again.
Also here is a SmarTrend PR on BEXP today:
News for 'BEXP' - (Brigham Exploration Upward Momentum Looks to Continue (BEXP))
Dec 06, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an
Uptrend for Brigham Exploration (NASDAQ:BEXP) on August 02, 2010 at $17.80. In
approximately 4 months, Brigham Exploration has returned 53.2% as of today's
recent price of $27.27.
In the past 52 weeks, shares of Brigham Exploration have traded between a low of
$10.01 and a high of $27.13 and are now at $27.27, which is 172% above that low
price.
Brigham Exploration is currently above its 50-day moving average of $22.13 and
above its 200-day moving average of $18.25. Look for these moving averages to
climb to confirm the company's upward momentum.
In the last five trading sessions, the 50-day MA has climbed 4.55% while the
200-day MA has risen 1.39%.
SmarTrend will continue to scan these moving averages and a number of other
proprietary indicators for any shifts in the trajectory of Brigham Exploration
shares.
Write to Chip Brian at cbrian@tradethetrend.com
Also here is a SmarTrend PR on BEXP today:
News for 'BEXP' - (Brigham Exploration Upward Momentum Looks to Continue (BEXP))
Dec 06, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an
Uptrend for Brigham Exploration (NASDAQ:BEXP) on August 02, 2010 at $17.80. In
approximately 4 months, Brigham Exploration has returned 53.2% as of today's
recent price of $27.27.
In the past 52 weeks, shares of Brigham Exploration have traded between a low of
$10.01 and a high of $27.13 and are now at $27.27, which is 172% above that low
price.
Brigham Exploration is currently above its 50-day moving average of $22.13 and
above its 200-day moving average of $18.25. Look for these moving averages to
climb to confirm the company's upward momentum.
In the last five trading sessions, the 50-day MA has climbed 4.55% while the
200-day MA has risen 1.39%.
SmarTrend will continue to scan these moving averages and a number of other
proprietary indicators for any shifts in the trajectory of Brigham Exploration
shares.
Write to Chip Brian at cbrian@tradethetrend.com
All of my posts are my own opinion. Always perform your own due diligence on every investment you are considering, or contact your licensed investment adviser.
