SmarTrend Detects Continued Buying Pressure in Shares of Overhill Farms (OFI)
Written on Tue, 06/15/2010 - 5:11pm
By Chip Brian
SmarTrend identified an Uptrend for Overhill Farms (AMEX:OFI) on February 04, 2010 at $5.12. In approximately 4 months, Overhill Farms has returned 22% as of today's recent price of $6.24.
Overhill Farms is currently above its 50-day moving average of $6.05 and above its 200-day moving average of $5.65. 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 Overhill Farms shares.