SAP AG (SAP) Stock Reaches New 52-Week High
Chip Brian from Smartrend reported that SAP hit a new 52-week high. Over the past 52-weeks, shares of SAP have traded between $40.95 and $63.32 and just hit a new 52-week high the other day.
Smartrend had put out an “uptrend” alert for the end of March, and was correct in doing so. SAP stock had risen by 5.8% after their alert.
It appears that SAP AG has been trading very near their resistance level so watch your pennies moving forward.
What do I know? I personally thought SAP stock was going to take a hit as the Japan Earthquake happened only a few short weeks before SAP was to report their earnings. Oracle on the other hand had reported at the end of February, which I thought would have given the advantage to Oracle.
It appears I have a few things to learn before jumping in to this rollercoaster of a market.