Uptrend Call Working As Boston Beer Stock Rises 26.5% (SAM)
SmarTrend identified an Uptrend for Boston Beer (NYSE:SAM) on September 17th, 2012 at $108.75. In approximately 4 months, Boston Beer has returned 26.50% as of today's recent price of $137.57.
Over the past year, Boston Beer has traded in a range of $94.24 to $142.50 and is now at $137.57, 46% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 2.5%.
The Boston Beer Company, Inc. produces a variety of craft-brewed beers and cider products at various contract breweries and Company-owned breweries. The Company sells its products under brand names such as Boston Beer Company, Oregon Beer and Brewing Company, Samuel Adams, and HardCore. Boston Beer sells its products to a network of wholesale distributors.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Boston Beer shares.
Log in and add Boston Beer (SAM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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