Central Pacific Financial (NYSE:CPF) is one of today's worst performing low-priced stocks, down 9.7% to $1.60 on 0.7x average daily volume. Approximately 257,000 shares have traded hands today vs. 30-day average volume of 386,000 shares.
High volume often signals a change in trends. Shares of Central Pacific Financial are currently trading below their 50-day moving average (MA) of $1.88 and below their 200-day MA of $1.70.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Central Pacific Financial is in SmarTrend's Regional Banks- Pacific industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.
SmarTrend is bearish on shares of Central Pacific Financial and our subscribers were alerted to sell on April 30, 2010 at $2.24. The stock has fallen 28.6% since the alert was issued.