Aerovironment (AVAV) Bullish Technical Alert - Trend Up 10.8%

Aerovironment (NASDAQ:AVAV) is trading 2% higher (up $0.58 to $29.10) today on volume of 146,706 shares. The stock has traded within a 52-week range of $18.50 and $41.22.

Aerovironment is currently above its 50-day moving average of $28.42 and should find resistance at its 200-day moving average of $29.12.

SmarTrend is bullish on shares of AVAV and our subscribers received an Uptrend alert on May 07, 2009 at $26.26, which has returned 10.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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