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15.7% Return Seen to Date on SmarTrend Mitcham Industries Call (MIND)Aug 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Mitcham Industries (NASDAQ:MIND) on May 15th, 2012 at $19.65. In approximately 3 months, Mitcham Industries has returned 15.65% as of today's recent price of $16.57. In the past 52 weeks, Mitcham Industries share prices have been bracketed by a low of $9.52 and a high of $26.76 and are now at $16.61, 74% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%. Mitcham Industries, Inc. leases and sells geophysical and other equipment used primarily by seismic data acquisition contractors. The Company's equipment is used to perform seismic data surveys both on land and in transition zones. Mitcham leases its equipment on a short-term basis to seismic contractors who need additional capacity. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Mitcham Industries. Log in and add Mitcham Industries (MIND) 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 [email protected] --------------------------------------------------------------------------------------------- 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 |