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SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Medis Technologies (MDTL)

Written on Fri, 05/14/2010 - 11:48am
By Chip Brian

SmarTrend identified a Downtrend for Medis Technologies (NASDAQ:MDTL) on October 28, 2009 at $0.20. In approximately 7 months, Medis Technologies has returned 75% as of today's recent price of $0.05.
Medis Technologies is currently below its 50-day moving average of $0.07 and below its 200-day moving average of $0.17. 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 Medis Technologies.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): MDTL

Contact Chip Brian



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