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SmarTrend Detects Continued Buying Pressure in Shares of New Jersey Resources (NJR)

Written on Sun, 03/14/2010 - 1:26pm
By Chip Brian

SmarTrend identified an Uptrend for New Jersey Resources (NYSE:NJR) on February 18, 2010 at $35.91. In approximately 3 weeks, New Jersey Resources has returned 3% as of today's recent price of $37.00.
New Jersey Resources is currently above its 50-day moving average of $36.64 and above its 200-day moving average of $36.43. 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 New Jersey Resources shares.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): NJR

Contact Chip Brian



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