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TMCNet:  SAP Shares Up 26.6% Since SmarTrend's Buy Recommendation (SAP)

[March 16, 2012]

SAP Shares Up 26.6% Since SmarTrend's Buy Recommendation (SAP)

Mar 16, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for SAP (NYSE:SAP) on January 18th, 2012 at $56.88. In approximately 2 months, SAP has returned 26.58% as of today's recent price of $72.00.

In the past 52 weeks, SAP share prices have been bracketed by a low of $47.39 and a high of $72.10 and are now at $72.00, 52% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.3%.

SAP AG is a multinational software company. The Company develops business software, including e-business and enterprise management software, consults on organizational usage of its applications software, and provides training services. SAP markets its products and services worldwide.

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