SmarTrend identified a Downtrend for SAN Juan Basin Royalty (NYSE:SJT) on August 3rd, 2012 at $14.73. In approximately 4 months, SAN Juan Basin Royalty has returned 12.98% as of today's recent price of $12.81.

In the past 52 weeks, SAN Juan Basin Royalty share prices have been bracketed by a low of $12.06 and a high of $24.60 and are now at $12.81, 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.6%.

San Juan Basin Royalty Trust is an express trust between Southland Royalty Company and The Fort Worth National Bank. The Trust receives royalties from its overriding interests in oil and gas properties in the San Juan Basin of New Mexico.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of SAN Juan Basin Royalty.

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