Uptrend Call Working As Imax Stock Rises 19.4% (IMAX)
SmarTrend identified an Uptrend for Imax (NASDAQ:IMAX) on October 12th, 2012 at $21.73. In approximately 4 months, Imax has returned 19.37% as of today's recent price of $25.94.
In the past 52 weeks, Imax share prices have been bracketed by a low of $12.57 and a high of $38.00 and are now at $25.94, 106% 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%.
Imax Corporation designs and manufactures projection and sound systems for giant-screen theaters and designs custom attractions, including motion simulation theaters, for both large-scale attractions and smaller venues. The Company also manufactures digital image delivery systems in the form of digital projectors.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Imax shares.
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