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GEORGIA GULF BULLISH MOVING AVERAGE CROSSOVER ALERT (GGC)

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strikehold   Friday, 03/11/11 03:52:25 PM
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GEORGIA GULF BULLISH MOVING AVERAGE CROSSOVER ALERT (GGC)

Mar 11, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Today, shares of Georgia Gulf (NYSE:GGC) have crossed bullishly above their 10-day moving average of $32.81 on volume of 475 thousand shares.

This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.

SmarTrend issued an Uptrend Alert for Georgia Gulf on November 26, 2010 at $20.20. In approximately 4 months, Georgia Gulf has returned 62.5% as of today's recent price of $32.82.

In the past 52 weeks, shares of Georgia Gulf have traded between a low of $11.11 and a high of $34.91 and are now at $32.82, which is 195% above that low price.

In the last five trading sessions, the 50-day MA has climbed 2.85% while the 200-day MA has risen 1.72%.

We will continue to monitor GGC's share price relative to this moving average.

Write to Chip Brian at cbrian@tradethetrend.com


http://www.zacks.com/research/get_news.php?id=070l3082

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