Uptrend Call Working As Jefferies Group Stock Rises 20.5% (JEF)
SmarTrend identified an Uptrend for Jefferies Group (NYSE:JEF) on November 12th, 2012 at $16.57. In approximately 3 months, Jefferies Group has returned 20.50% as of today's recent price of $19.96.
In the past 52 weeks, Jefferies Group share prices have been bracketed by a low of $11.59 and a high of $20.10 and are now at $19.97, 72% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.8%.
Jefferies Group, Inc. is an independent, full-service global securities and investment banking firm. The Company provides clients with capital markets and financial advisory services, including M&A and restructuring, as well as institutional brokerage in equity, equity-linked, high yield and other fixed income securities, along with fundamental research and asset management.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Jefferies Group shares.
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