Insurance Technology Industry News

TMCNet:  Copart Shares Up 16.7% Since SmarTrend's Buy Recommendation (CPRT)

[November 16, 2012]

Copart Shares Up 16.7% Since SmarTrend's Buy Recommendation (CPRT)

Nov 16, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Copart (NASDAQ:CPRT) on July 5th, 2012 at $24.87. In approximately 4 months, Copart has returned 16.73% as of today's recent price of $29.03.

Copart share prices have moved between a 52-week high of $29.95 and a 52-week low of $20.82 and are now trading 39% above that low price at $29.03 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

Copart, Inc. provides vehicle suppliers, primarily insurance companies, with a variety of services to process and sell salvage vehicles through auctions. Salvaged vehicles are primarily sold to licensed dismantlers, rebuilders, and used vehicle dealers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Copart shares.Log in and add Copart (CPRT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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