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

By Shiri Gupta

SmarTrend identified an Uptrend for Steinway Musical Instruments (NYSE:LVB) on March 15th, 2013 at $23.46. In approximately 14 months, Steinway Musical Instruments has returned 70.33% as of today's recent price of $39.95.

Steinway Musical Instruments share prices have moved between a 52-week high of $41.60 and a 52-week low of $24.77 and are now trading 61% above that low price at $39.95 per share. The 200-day and 50-day moving averages have moved 0% lower and 0% lower over the past week, respectively.

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