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Matrix Service Shares Up 21.6% Since SmarTrend's Buy Recommendation (MTRX)

Jun 13, 2018 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified an Uptrend for Matrix Service (NASDAQ:MTRX) on April 17th, 2018 at $15.78. In approximately 2 months, Matrix Service has returned 21.55% as of today's recent price of $19.17.

In the past 52 weeks, Matrix Service share prices have been bracketed by a low of $7.80 and a high of $23.45 and are now at $19.17, 146% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has risen 0.8%.

Matrix Service Company provides specialized on-site maintenance and construction services for petroleum refining and storage facilities, as well as water storage facilities for the private industry sector. The Company's services include the maintenance, inspection, design, repair, and construction of aboveground storage tanks.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Matrix Service shares.Log in and add Matrix Service (MTRX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to SmarTrend at cs@mysmartrend.com

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