Insurance Technology

Insurance & Technology News
Share

TMCNet: Shares of ABG Up 17.7% Since Uptrend Call on Shares

[February 01, 2013]

Shares of ABG Up 17.7% Since Uptrend Call on Shares

Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Asbury Automotive (NYSE:ABG) on December 3rd, 2012 at $30.49. In approximately 2 months, Asbury Automotive has returned 17.70% as of today's recent price of $35.88.
Story continues below ↓

In the past 52 weeks, shares of Asbury Automotive have traded between a low of $21.25 and a high of $36.29 and are now at $35.99, which is 69% above that low price. The 200-day and 50-day moving averages have moved 0.53% higher and 1.60% higher over the past week, respectively.

Asbury Automotive Group Inc. is an automotive retailer operating franchises and dealership locations in the United States. The Company offers new and used vehicles and related financing and insurance, vehicle maintenance and repair services, replacement parts, and service contracts. Asbury's dealerships are primarily either luxury or mid-line import brands.

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

[ Back To Insurance Technology's Homepage ]




Featured Editorial