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Shares of OTEX Up 30.3% Since Uptrend Call on Shares

By Shiri Gupta

SmarTrend identified an Uptrend for Open Text (NASDAQ:OTEX) on February 17th, 2016 at $49.72. In approximately 8 months, Open Text has returned 30.28% as of today's recent price of $64.78.

Over the past year, Open Text has traded in a range of $36.65 to $104.56 and is now at $64.78, 77% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.8%.

Open Text Corporation provides intranet, extranet, and corporate portal solutions to organizations located throughout the world. The Company's flagship product, Livelink is an off-the-shelf, enterprise scalable, collaborative application for companies that want to leverage their information and resources through intranets.

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

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

Keywords: spotlights open text

Ticker(s): OTEX