SmarTrend Detects Continued Buying Pressure in Shares of Adtran (ADTN)
Wednesday, March 3, 2010 - 08:19
Written on Wed, 03/03/2010 - 8:19am
By Chip Brian

SmarTrend identified an Uptrend for Adtran (NASDAQ:ADTN) on February 17, 2010 at $22.52. In approximately 2 weeks, Adtran has returned 5.3% as of today's recent price of $23.71.
Adtran is currently above its 50-day moving average of $22.46 and above its 200-day moving average of $22.61. 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 Adtran shares.

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