SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of Novell (NOVL)
Tuesday, March 9, 2010 - 11:12
Written on Tue, 03/09/2010 - 11:12am
By Chip Brian

SmarTrend identified an Uptrend for Novell (NASDAQ:NOVL) on January 06, 2010 at $4.53. In approximately 2 months, Novell has returned 31.7% as of today's recent price of $5.97.
Novell is currently above its 50-day moving average of $4.71 and above its 200-day moving average of $4.44. 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 Novell shares.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): NOVL

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