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Downtrend Spotted in Shares of Xenonics Holdings (XNN)

Written on Tue, 05/25/2010 - 11:50am
By Chip Brian

SmarTrend identified a Downtrend for Xenonics Holdings (AMEX:XNN) on February 24, 2010 at $0.75. In approximately 3 months, Xenonics Holdings has returned 56.7% as of today's recent price of $0.33.
Xenonics Holdings is currently below its 50-day moving average of $0.47 and below its 200-day moving average of $0.72. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Xenonics Holdings.

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