SmarTrend identified an Uptrend for Daimler (NASDAQ:DDAIF) on November 29th, 2012 at $48.81. In approximately 2 months, Daimler has returned 19.88% as of today's recent price of $58.51.

In the past 52 weeks, Daimler share prices have been bracketed by a low of $19.13 and a high of $64.01 and are now at $58.51, 206% 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 advanced 1.2%.

Daimler AG develops, manufactures, distributes, and sells a wide range of automotive products, mainly passenger cars, trucks, vans and buses. The Company also provides financial and other services relating to its automotive businesses.

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

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