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Steinway Musical Instruments Up 70.3% Since SmarTrend Uptrend Call (LVB)

By James Quinn

SmarTrend identified an Uptrend for Steinway Musical Instruments (NYSE:LVB) on March 15th, 2013 at $23.46. In approximately 21 months, Steinway Musical Instruments has returned 70.33% as of today's recent price of $39.95.

In the past 52 weeks, shares of Steinway Musical Instruments have traded between a low of $39.94 and a high of $39.99 and are now at $39.95, which is 0% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Steinway Musical Instruments, Inc., through its subsidiaries, manufactures musical instruments. The Company's products include Steinway & Sons pianos, Selmer saxophones, Bach trumpets, and Ludwig drums.

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

Log in and add Steinway Musical Instruments (LVB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights steinway musical instruments

Ticker(s): LVB