Cumulus Media (CMLS) Technical Alert - Watch for 10.9% Uptrend Continuation

Cumulus Media (NASDAQ:CMLS) is trading 4.4% higher (up $0.06 to $1.42) today on volume of 52,601 shares. The stock has traded within a 52-week range of $0.33 and $5.00.

Cumulus Media is currently above its 50-day moving average of $0.93 and above its 200-day moving average of $1.28.

SmarTrend is bullish on shares of CMLS and our subscribers received an Uptrend alert on August 05, 2009 at $1.28, which has returned 10.9% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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