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.