Medis Technologies: The Trend Continues Lower (MDTL)
Monday, February 8, 2010 - 19:32
Written on Mon, 02/08/2010 - 7:32pm
By Chip Brian

SmarTrend identified a Downtrend for Medis Technologies (NASDAQ:MDTL) on October 28, 2009 at $0.20. In approximately 3 months, Medis Technologies has returned 59.9% as of today's recent price of $0.08.
Medis Technologies is currently below its 200-day moving average of $0.27 and should find support at its 50-day moving average of $0.07. 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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