SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Gafisa (GFA)
Monday, March 1, 2010 - 13:52
Written on Mon, 03/01/2010 - 1:52pm
By Chip Brian

SmarTrend identified an Uptrend for Gafisa (NYSE:GFA) on February 11, 2010 at $29.23. In approximately 3 weeks, Gafisa has returned 8.5% as of today's recent price of $31.70.
Gafisa is currently above its 50-day moving average of $29.73 and above its 200-day moving average of $27.22. 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 Gafisa shares.

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