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Insteel Inds Has Returned 43.3% Since SmarTrend Recommendation (IIIN)

By David Diaz

SmarTrend identified an Uptrend for Insteel Inds (NASDAQ:IIIN) on April 25th, 2018 at $29.83. In approximately 4 months, Insteel Inds has returned 43.28% as of today's recent price of $42.74.

In the past 52 weeks, shares of Insteel Inds have traded between a low of $22.50 and a high of $43.78 and are now at $42.74, which is 90% above that low price. The 200-day and 50-day moving averages have moved 1.00% higher and 2.43% higher over the past week, respectively.

Insteel Industries, Inc. manufactures and markets wire products. The Company's products include concrete reinforcing products, tire bead wire, and industrial wire for a range of construction and industrial applications. Insteel's products are sold directly to users and through wholesalers and distributors located in the United States, Canada, Mexico, and Central and South America.

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

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

Keywords: spotlights insteel inds

Ticker(s): IIIN