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SmarTrend Detects Continued Selling Pressure in Shares of Nanosphere (NSPH)

Written on Sat, 03/13/2010 - 11:07am
By Chip Brian

SmarTrend identified a Downtrend for Nanosphere (NASDAQ:NSPH) on October 23, 2009 at $6.29. In approximately 5 months, Nanosphere has returned 30.7% as of today's recent price of $4.36.
Nanosphere is currently below its 50-day moving average of $5.37 and below its 200-day moving average of $5.95. 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 Nanosphere.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): NSPH

Contact Chip Brian



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