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Faro Tech Shares Up 18.3% Since SmarTrend's Buy Recommendation (FARO)

By Nick Russo

SmarTrend identified an Uptrend for Faro Tech (NASDAQ:FARO) on January 11th, 2018 at $51.58. In approximately 2 months, Faro Tech has returned 18.27% as of today's recent price of $61.00.

In the past 52 weeks, shares of Faro Tech have traded between a low of $29.00 and a high of $63.90 and are now at $61.00, which is 110% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.3%.

FARO Technologies, Inc. designs, develops, and markets software and portable, computerized measurement devices. The Company offers devices used for inspecting components and assemblies, rapid prototyping, documenting large volume spaces and structures in 3D, surveying, and construction, as well as for investigation and reconstruction of accident sites and crime scenes.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Faro Tech shares.

Log in and add Faro Tech (FARO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights faro tech

Ticker(s): FARO