Downtrend Call Working As SAN Juan Basin Royalty Stock Falls 13.6% (SJT)
SmarTrend identified a Downtrend for SAN Juan Basin Royalty (NYSE:SJT) on August 3rd, 2012 at $14.73. In approximately 5 months, SAN Juan Basin Royalty has returned 13.62% as of today's recent price of $12.72.
In the past 52 weeks, shares of SAN Juan Basin Royalty have traded between a low of $12.06 and a high of $23.75 and are now at $12.72, which is 5% above that low price. The 200-day and 50-day moving averages have moved 0.93% lower and 1.04% lower over the past week, respectively.
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.
Log in and add SAN Juan Basin Royalty (SJT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Keywords: spotlights san juan basin royalty