SmarTrend Detects Continued Buying Pressure in Shares of Keegan Resources (KGN)
Wednesday, January 6, 2010 - 15:58
Written on Wed, 01/06/2010 - 3:58pm
By Chip Brian

SmarTrend identified an Uptrend for Keegan Resources (AMEX:KGN) on July 15, 2009 at $2.86. In approximately 6 months, Keegan Resources has returned 130.8% as of today's recent price of $6.60.
Keegan Resources is currently above its 50-day moving average of $6.10 and above its 200-day moving average of $3.75. 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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