Insurance Technology Industry News

TMCNet:  Uptrend Call Working As Copart Stock Rises 22.2% (CPRT)

[November 23, 2012]

Uptrend Call Working As Copart Stock Rises 22.2% (CPRT)

Nov 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Copart (NASDAQ:CPRT) on July 5th, 2012 at $24.87. In approximately 5 months, Copart has returned 22.20% as of today's recent price of $30.39.

Copart share prices have moved between a 52-week high of $30.44 and a 52-week low of $20.82 and are now trading 46% above that low price at $30.39 per share. The 200-day and 50-day moving averages have moved 0.29% higher and 0.70% higher over the past week, respectively.

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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