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Ingram Micro Up 30.3% Since SmarTrend Uptrend Call (IM)

By David Diaz

SmarTrend identified an Uptrend for Ingram Micro (NYSE:IM) on February 17th, 2016 at $29.85. In approximately 16 months, Ingram Micro has returned 30.31% as of today's recent price of $38.89.

In the past 52 weeks, Ingram Micro share prices have been bracketed by a low of $23.70 and a high of $38.92 and are now at $38.89, 64% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.3%.

Ingram Micro Inc. is a wholesale distributor of Information Technology ("IT") products and services. The Company also markets computer hardware, networking equipment, and software products. Ingram Micro provides supply chain optimization services to suppliers and reseller customers.

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

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

Keywords: spotlights ingram micro

Ticker(s): IM