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RealNetworks (RNWK) Downgrade Alert, Watch for 20.6% Technical Downtrend Continuation

Written on Fri, 07/30/2010 - 11:43am
By Chip Brian

RealNetworks (NASDAQ:RNWK) downgraded to Market Perform from Outperform at Morgan Keegan. The stock closed yesterday at $3.60 on volume of 296,000 shares, below average daily volume of 456,155.
RealNetworks is currently below its 200-day moving average of $4.05 and should find support at its 50-day moving average of $3.47.
SmarTrend is bearish on shares of RNWK and our subscribers received a Downtrend alert on April 08, 2010 at $4.54, which has returned 20.6% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): RNWK

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