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Southern Community Financial (SCMF) Downgrade Alert, Watch for 3.7% Technical Downtrend Continuation

Written on Thu, 06/24/2010 - 8:03am
By Chip Brian

Southern Community Financial (NASDAQ:SCMF) downgraded to Neutral from Buy at Sterne Agee. The stock closed yesterday at $2.31 on volume of 300 shares, below average daily volume of 10,909.
Southern Community Financial is currently below its 50-day moving average of $2.53 and below its 200-day moving average of $2.43. SmarTrend is bearish on shares of SCMF and our subscribers received a Downtrend alert on May 25, 2010 at $2.40, which has returned 3.7% to date.

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

Ticker(s): SCMF

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