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Malibu Boats-A Shares Up 41.1% Since SmarTrend's Buy Recommendation (MBUU)

By David Diaz

SmarTrend identified an Uptrend for Malibu Boats-A (NASDAQ:MBUU) on December 8th, 2017 at $31.45. In approximately 6 months, Malibu Boats-A has returned 41.10% as of today's recent price of $44.37.

In the past 52 weeks, shares of Malibu Boats-A have traded between a low of $11.38 and a high of $45.75 and are now at $44.38, which is 290% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.8%.

Malibu Boats, Inc. designs, manufactures and markets sport boats. The Company produces sport boats used for water sports including water skiing, wakeboarding, and wake surfing, as well as for general recreational boating use. Malibu Boats offers its products in the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Malibu Boats-A shares.

Log in and add Malibu Boats-A (MBUU) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights malibu boats-a

Ticker(s): MBUU