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Technical Analysis
- 1/29/2010 6:06:59 AM
By Chip Brian, SmarTrend Analytics Team
SmarTrend identified an Uptrend for SatCon Technology (NASDAQ:SATC) on August 12, 2009 at $2.19. In approximately 6 months, SatCon Technology has returned 7.3% as of today's recent price of $2.35.
SatCon Technology is currently above its 200-day moving average of $2.05 and should find resistance at its 50-day moving average of $2.39. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of SatCon Technology shares.
Contact Chip Brian
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