Insurance Technology Industry News

TMCNet:  LKQ Up 10.0% Since SmarTrend Uptrend Call (LKQX)

[December 06, 2012]

LKQ Up 10.0% Since SmarTrend Uptrend Call (LKQX)

Dec 06, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for LKQ (NASDAQ:LKQX) on April 26th, 2012 at $31.97. In approximately 7 months, LKQ has returned 10.03% as of today's recent price of $35.17.

Over the past year, LKQ has traded in a range of $28.17 to $36.34 and is now at $35.17, 25% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

LKQ Corporation procures salvage vehicles, primarily at auctions, using locally based and centralized procurement systems. The company dismantles these vehicles for recycled products, and then sells recycled original equipment manufacturer products to automobile collision and mechanical repair shops and, indirectly, insurance companies and extended warranty companies.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of LKQ shares.Log in and add LKQ (LKQX) 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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