Sep 07, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Spreadtrum Communications (NASDAQ:SPRD - Snapshot Report) on June 30, 2011 at $14.84. In approximately 2 months, Spreadtrum Communications has returned 24.7% as of today's recent price of $18.50.

In the past 52 weeks, shares of Spreadtrum Communications have traded between a low of $8.59 and a high of $24.20 and are now at $18.50, which is 115% above that low price.

Spreadtrum Communications is currently above its 50-day moving average of $15.53 and above its 200-day moving average of $18.26. Look for these moving averages to climb to confirm the company's upward momentum.

In the last five trading sessions, the 50-day MA has climbed 1.19% while the 200-day MA has risen 0.16%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Spreadtrum Communications shares.

Source:zacks