Downtrend Call Working As Federal Mogul Stock Falls 23.1% (FDML)
SmarTrend identified a Downtrend for Federal Mogul (NASDAQ:FDML) on September 26th, 2012 at $9.42. In approximately 2 months, Federal Mogul has returned 23.14% as of today's recent price of $7.24.
Federal Mogul share prices have moved between a 52-week high of $17.97 and a 52-week low of $6.90 and are now trading 5% above that low price at $7.24 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.9%.
Federal-Mogul Corporation supplies products, services and solutions to automotive, light commercial, heavy-duty truck, off-highway, agricultural, marine, rail, and industrial markets.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Federal Mogul.
Log in and add Federal Mogul (FDML) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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