Uptrend Call Working As Bluegreen Stock Rises 61.7% (BXG)
SmarTrend identified an Uptrend for Bluegreen (NYSE:BXG) on June 18th, 2012 at $5.85. In approximately 7 months, Bluegreen has returned 61.68% as of today's recent price of $9.45.
Bluegreen share prices have moved between a 52-week high of $9.67 and a 52-week low of $2.54 and are now trading 272% above that low price at $9.45 per share. The 200-day and 50-day moving averages have moved 2.14% higher and 3.26% higher over the past week, respectively.
Bluegreen Corporation acquires, develops, markets, and sells timeshare resorts and residential land. The Company's timeshare resorts are located in a variety of vacation destinations such as Myrtle Beach, Orlando, and Aruba. Bluegreen's land operations are primarily located in the southeastern and southwestern United States.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Bluegreen shares.
Log in and add Bluegreen (BXG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Keywords: spotlights bluegreen