SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of UQM Technologies (UQM)
Wednesday, February 10, 2010 - 20:14
Written on Wed, 02/10/2010 - 8:14pm
By Chip Brian

SmarTrend identified a Downtrend for UQM Technologies (AMEX:UQM) on January 25, 2010 at $5.00. In approximately 2 weeks, UQM Technologies has returned 5.8% as of today's recent price of $4.71.
UQM Technologies is currently below its 50-day moving average of $5.48 and should find support at its 200-day moving average of $4.17. 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 UQM Technologies.

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