Tuesday, March 31, 2009

Spare change

A current Stock Trends Pick of the Week selection is Coinstar Inc. (NASDAQ:CSTR). The stock’s secondary (13-week moving average) trend line has been trending positively since mid-December, advancing from the $16 level to its high today at $33 in solid fashion. It has been Weak Bearish since January 16, and has been in the Stock Trends sights since. If the current recession drags on expect CSTR to continue its run as hard-hit consumers dig deeper in their couches for lost change. It’s all good for Coinstar and its self-service coin-counting machines.

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