FARO Tech (FARO) Initiated Coverage Alert, Watch for 9.3% Technical Uptrend Continuation
Nov 25, 2009 (SmarTrend(R) Spotlight via COMTEX) --
Company: FARO Technologies, Inc. (FARO)
FARO Tech (NASDAQ:FARO) initiated as Overweight at Thomas Weisel. The stock closed yesterday at $19.16 on volume of 41,200 shares, below average daily volume of 70,255.
FARO Technologies is currently above its 50-day moving average of $17.26 and above its 200-day moving average of $15.82.
SmarTrend is bullish on shares of FARO and our subscribers received an Uptrend alert on November 16, 2009 at $17.52, which has returned 9.3% to date.
Write to Chip Brian at cbrian@tradethetrend.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.TradeTheTrend.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.TradeTheTrend.com/signup.html
Copyright (C) 2010 Comtex SmarTrend(R). All rights reserved
News Provided by COMTEX
Company: FARO Technologies, Inc. (FARO)
Related terms: market, nasdaq, securities, technology
