Vectren: The Trend Continues Lower (VVC)
Thursday, February 11, 2010 - 15:55
Written on Thu, 02/11/2010 - 3:55pm
By Chip Brian

SmarTrend identified a Downtrend for Vectren (NYSE:VVC) on January 22, 2010 at $23.69. In approximately 3 weeks, Vectren has returned 5.2% as of today's recent price of $22.45.
Vectren is currently below its 50-day moving average of $24.17 and below its 200-day moving average of $23.43. 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 Vectren.

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