SmarTrend identified a Downtrend for Ascent Solar Technologies (NASDAQ:ASTI) on January 27, 2010 at $4.57. In approximately 1 week, Ascent Solar Technologies has returned 10.3% as of Thursday's closing price of $4.10.

Ascent Solar Technologies is currently below its 50-day moving average of $5.06 and below its 200-day moving average of $6.04. 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 Ascent Solar Technologies.

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