Emulex Has Returned 23.3% Since SmarTrend Recommendation (ELX)
SmarTrend identified an Uptrend for Emulex (NYSE:ELX) on July 2nd, 2013 at $6.67. In approximately 2 weeks, Emulex has returned 23.33% as of today's recent price of $8.22.
In the past 52 weeks, Emulex share prices have been bracketed by a low of $5.72 and a high of $8.99 and are now at $8.22, 44% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.1%.
Emulex Corporation designs, develops, and supplies a line of fibre channel host adapters, hubs, application-specific integrated circuits (ASICs), and software products. The Company's products enhance access to and storage of electronic data and applications. Emulex' products are based on internally-developed ASIC technology and are deployable across a variety of operating systems.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Emulex shares.
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