AboveNet Has Returned 39.8% Since SmarTrend Recommendation (ABVT)

Apr 18, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for AboveNet (NASDAQ:ABVT) on November 30th, 2011 at $59.39. In approximately 5 months, AboveNet has returned 39.77% as of today's recent price of $83.00.

In the past 52 weeks, shares of AboveNet have traded between a low of $49.79 and a high of $84.54 and are now at $83.00, which is 67% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 1.17% higher over the past week, respectively.

AboveNet, Inc. provides fiber optic connectivity solutions for businesses and carriers. Its optical network delivers key network and IP services in U.S. metro markets and London. AboveNet's network used in different markets such as financial services, media, health care, retail and government.

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