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Technical Analysis
- 11/19/2009 8:57:44 AM
By Chip Brian, SmarTrend Analytics Team
Hot Topic (NASDAQ:HOTT) downgraded to Sell from Hold, $5 target, at Citigroup. The stock closed yesterday at $6.67 on volume of 1,125,383 shares, above average daily volume of 1,047,220.
HOT Topic is currently below its 50-day moving average of $7.58 and below its 200-day moving average of $8.49.
SmarTrend is bearish on shares of HOTT and our subscribers received a Downtrend alert on November 06, 2009 at $6.82, which has returned 2.1% to date.
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