TMCNet:  Shares of ERIC Up 28.4% Since Uptrend Call on Shares

[February 01, 2013]

Shares of ERIC Up 28.4% Since Uptrend Call on Shares

Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Ericsson (NASDAQ:ERIC) on December 3rd, 2012 at $9.47. In approximately 2 months, Ericsson has returned 28.37% as of today's recent price of $12.15.


Over the past year, Ericsson has traded in a range of $8.23 to $15.44 and is now at $12.15, 48% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.0%.

Telefonaktiebolaget LM Ericsson develops and manufactures products for wired and mobile communications in public and private networks. The Company produces mobile telephones through its Sony Ericsson joint venture. Ericsson manufactures and installs wired and wireless communications systems, wireless microwave links, call center equipment, microelectronics, and radar systems.

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