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Uptrend Call Working As Electro Rent Stock Rises 53.1% (ELRC)

By Amy Schwartz

SmarTrend identified an Uptrend for Electro Rent (NASDAQ:ELRC) on May 2nd, 2016 at $10.13. In approximately 13 months, Electro Rent has returned 53.09% as of today's recent price of $15.50.

Electro Rent share prices have moved between a 52-week high of $15.57 and a 52-week low of $7.30 and are now trading 112% above that low price at $15.50 per share. The 200-day and 50-day moving averages have moved 0.11% lower and 0.66% higher over the past week, respectively.

Electro Rent Corporation offers rental, lease, and sale of electronic equipment. The Company's equipment consists primarily of general purpose test and measurement instruments. Electro also leases personal computers and workstations, and services its customers through a network of equipment calibration and service centers in the United States and Canada.

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

Log in and add Electro Rent (ELRC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights electro rent

Ticker(s): ELRC