Keegan Resources Upward Momentum Looks to Continue (KGN)
Sunday, December 20, 2009 - 14:22
Written on Sun, 12/20/2009 - 2:22pm
By Chip Brian

SmarTrend identified an Uptrend for Keegan Resources (AMEX:KGN) on July 15, 2009 at $2.86. In approximately 5 months, Keegan Resources has returned 118.2% as of Friday's closing price of $6.24.
Keegan Resources is currently above its 50-day moving average of $5.78 and above its 200-day moving average of $3.51. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Keegan Resources shares.

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