Trident Microsystems (NASDAQ:TRID) is one of today's worst performing low-priced stocks, down 4.8% to $1.38 on 0.4x average daily volume. Approximately 222,000 shares have traded hands today vs. 30-day average volume of 577,000 shares.
High volume often signals a change in trends. Shares of Trident Microsystems are currently trading below their 50-day moving average (MA) of $1.54 and below their 200-day MA of $1.81.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Trident Microsystems is in SmarTrend's Semiconductor- Specialized industry and this industry is currently in a Downtrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.
SmarTrend is bearish on shares of Trident Microsystems and our subscribers were alerted to sell on February 10, 2010 at $1.46. The stock has fallen 5.5% since the alert was issued.