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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 6 months, Electro Rent has returned 53.09% as of today's recent price of $15.50.

In the past 52 weeks, Electro Rent share prices have been bracketed by a low of $7.30 and a high of $15.57 and are now at $15.50, 112% above that low price. 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