LML Payment Systems Upward Momentum Looks to Continue (LMLP)

SmarTrend identified an Uptrend for LML Payment Systems (LMLP) on October 08, 2010 at $1.89. In approximately 2 months, LML Payment Systems has returned 41.7% as of today's recent price of $2.68.

In the past 52 weeks, shares of LML Payment Systems have traded between a low of $0.74 and a high of $3.10 and are now at $2.68, which is 262% above that low price.

LML Payment Systems is currently above its 50-day moving average of $1.85 and above its 200-day moving average of $1.98. 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 5.4% while the 200-day MA has risen 1.18%.

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