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FirstEnergy Downward Momentum Looks to Continue (FE)

Written on Sun, 03/14/2010 - 11:51am
By Chip Brian

SmarTrend identified a Downtrend for FirstEnergy (NYSE:FE) on January 22, 2010 at $44.62. In approximately 2 months, FirstEnergy has returned 11.6% as of today's recent price of $39.46.
FirstEnergy is currently below its 50-day moving average of $43.29 and below its 200-day moving average of $42.97. 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 FirstEnergy.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): FE

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