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Ingram Micro Has Returned 21.5% Since SmarTrend Recommendation (IM)

By Nick Russo

SmarTrend identified an Uptrend for Ingram Micro (NYSE:IM) on February 17th, 2016 at $29.85. In approximately 8 months, Ingram Micro has returned 21.46% as of today's recent price of $36.25.

In the past 52 weeks, shares of Ingram Micro have traded between a low of $23.70 and a high of $36.66 and are now at $36.25, which is 53% above that low price. Over the past week, 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