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Petroleum Development: The Trend Continues Higher (PETD)

Written on Sun, 03/14/2010 - 2:37pm
By Chip Brian

SmarTrend identified an Uptrend for Petroleum Development (NASDAQ:PETD) on November 09, 2009 at $19.27. In approximately 4 months, Petroleum Development has returned 19.5% as of today's recent price of $23.03.
Petroleum Development is currently above its 50-day moving average of $20.52 and above its 200-day moving average of $17.85. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Petroleum Development shares.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): PETD

Contact Chip Brian



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