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NewStar Financial Up 14.2% Since SmarTrend Uptrend Call (NEWS)
Jan 11, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for NewStar Financial (NASDAQ:NEWS) on December 7th, 2012 at $12.70. In approximately 1 month, NewStar Financial has returned 14.22% as of today's recent price of $14.50.
In the past 52 weeks, NewStar Financial share prices have been bracketed by a low of $9.05 and a high of $14.81 and are now at $14.50, 60% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.4%.
NewStar Financial, Inc. is a specialized finance company. The Company offers flexible debt capital solutions to mid-sized corporations, real estate borrowers, securities issuers, and asset aggregators. NewStar helps finance acquisitions, consolidations, corporate growth, debtor-in-possession, leveraged buyouts, recapitalizations, and refinancings.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of NewStar Financial shares.Log in and add NewStar Financial (NEWS) 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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