AeroCentury Shares Down 26.4% Since SmarTrend's Sell Call (ACY)
SmarTrend identified a Downtrend for AeroCentury (AMEX:ACY) on March 11th, 2016 at $12.30. In approximately 3 months, AeroCentury has returned 26.39% as of today's recent price of $9.05.
AeroCentury share prices have moved between a 52-week high of $14.88 and a 52-week low of $7.70 and are now trading 18% above that low price at $9.05 per share. The 200-day and 50-day moving averages have moved 0.35% higher and 0.71% lower over the past week, respectively.
AeroCentury Corp. is an operating lessor and finance company which specializes in leasing used regional aircraft and engines. The Company's aircraft and engines are on lease to regional airlines and commercial users in the United States, United Kingdom, Europe, and South America.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of AeroCentury.
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Keywords: spotlights amex:acy aerocentury