FX Energy Upward Momentum Looks to Continue (FXEN)
Monday, March 1, 2010 - 20:01
Written on Mon, 03/01/2010 - 8:01pm
By Chip Brian

SmarTrend identified an Uptrend for FX Energy (NASDAQ:FXEN) on December 23, 2009 at $2.90. In approximately 2 months, FX Energy has returned 16.6% as of today's recent price of $3.38.
FX Energy is currently above its 50-day moving average of $3.03 and above its 200-day moving average of $3.31. 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 FX Energy shares.

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