ACCO Brands Experiences 67.65% Return since SmarTrend Uptrend Identification
ACCO Brands, a manufacturer of office products, has seen a significant increase in its stock price since SmarTrend identified an uptrend on October 24th, 2011. The company's shares have risen from $5.75 to $9.64, a return of 67.65% in approximately 2 months. This increase has brought the stock to a level 123% above its 52-week low of $4.33. SmarTrend continues to monitor the company's shares, analyzing its moving averages and other proprietary indicators for any shifts in its trajectory.
Key Takeaways:
- SmarTrend identified an uptrend for ACCO Brands (NYSE:ABD) on October 24th, 2011 at $5.75.
- In approximately 2 months, ACCO Brands has returned 67.65% as of today's recent price of $9.64.
- The company's shares have traded between a low of $4.33 and a high of $10.39 in the past 52 weeks, with the current price at $9.64 being 123% above the low.
- The 200-day moving average (MA) has gone up 0.4% over the last five market days, while the 50-day MA has advanced 6.9%.
- Acco Brands Corporation manufactures office products, including staplers, daily scheduling diaries, shredders, laminating equipment, and presentation boards.
- SmarTrend will continue to scan these moving averages and other proprietary indicators for any shifts in the trajectory of ACCO Brands shares.
Statistics:
- 67.65% return in approximately 2 months
- 123% above the 52-week low of $4.33
- 200-day moving average (MA) has gone up 0.4% over the last five market days
- 50-day MA has advanced 6.9% over the last five market days
- Stock price at $9.64 as of today's recent price
Sources:
- SmarTrend(R) Spotlight via COMTEX
- MySmarTrend.com
- COMTEX News Network, Inc. 2011