SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Medis Technologies (MDTL)
Wednesday, January 6, 2010 - 14:49
Written on Wed, 01/06/2010 - 2:49pm
By Chip Brian

SmarTrend identified a Downtrend for Medis Technologies (NASDAQ:MDTL) on October 28, 2009 at $0.20. In approximately 2 months, Medis Technologies has returned 67% as of today's recent price of $0.07.
Medis Technologies is currently below its 50-day moving average of $0.10 and below its 200-day moving average of $0.31. 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.

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