Return to Headlines
229 views
Email RSS

SmarTrend Detects Continued Selling Pressure in Shares of Xinhua Sports & Entertainment (XSEL)

Written on Sat, 06/19/2010 - 3:51pm
By Chip Brian

SmarTrend identified a Downtrend for Xinhua Sports & Entertainment (NASDAQ:XSEL) on May 11, 2010 at $0.44. In approximately 1 month, Xinhua Sports & Entertainment has returned 20.9% as of today's recent price of $0.35.
Xinhua Sports & Entertainment is currently below its 50-day moving average of $0.51 and below its 200-day moving average of $0.94. 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 Xinhua Sports & Entertainment.

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.