SmarTrend identified a Downtrend for Chart Industries (NASDAQ:GTLS) on October 9th, 2012 at $70.31. In approximately 2 months, Chart Industries has returned 12.39% as of today's recent price of $61.60.

Chart Industries share prices have moved between a 52-week high of $79.29 and a 52-week low of $31.27 and are now trading 97% above that low price at $61.60 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

Chart Industries, Inc. is a global manufacturer of equipment used in the production, storage, and end-use of hydrocarbon and industrial gases. The Company's products include vacuum-insulated containment vessels, heat exchangers, cold boxes, and other cryogenic components.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Chart Industries.

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