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SmarTrend's Trend Spotter Sees Continued Upward Momentum on Shares of Open Text (OTEX)

Written on Sun, 03/14/2010 - 11:08am
By Chip Brian

SmarTrend identified an Uptrend for Open Text (NASDAQ:OTEX) on December 02, 2009 at $38.47. In approximately 3 months, Open Text has returned 28.4% as of today's recent price of $49.40.
Open Text is currently above its 50-day moving average of $43.16 and above its 200-day moving average of $38.64. 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 Open Text shares.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): OTEX

Contact Chip Brian



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