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PHH Shares Up 29.2% Since SmarTrend's Buy Recommendation (PHH)
Aug 08, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for PHH (NYSE:PHH) on February 6th, 2012 at $12.68. In approximately 6 months, PHH has returned 29.23% as of today's recent price of $16.38.
Over the past year, PHH has traded in a range of $8.75 to $19.56 and is now at $16.38, 87% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
PHH Corporation is an outsource provider of mortgage and vehicle fleet management services. The Company provides private label mortgage services to real estate brokers, financial institutions, credit unions, corporations, and government agencies, and integrated leasing and management solutions to operators of corporate, government, and service-related vehicle fleets.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of PHH shares.Log in and add PHH (PHH) 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
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