Downtrend Call Working As American Superconductor Stock Falls 30.8% (AMSC)
SmarTrend identified a Downtrend for American Superconductor (NASDAQ:AMSC) on May 31st, 2016 at $9.74. In approximately 5 months, American Superconductor has returned 30.77% as of today's recent price of $6.74.
In the past 52 weeks, American Superconductor share prices have been bracketed by a low of $3.26 and a high of $12.50 and are now at $6.74, 107% above that low price. The 200-day and 50-day moving averages have moved 2.16% higher and 5.35% higher over the past week, respectively.
American Superconductor Corporation is an energy technologies company that offers solutions based upon its programmable power electronic converters and high temperature superconductor (HTS) wires. The Company serves the utility, industrial and wind power markets.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of American Superconductor.
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