UQM Technologies: The Trend Continues Down (UQM)
Tuesday, February 23, 2010 - 08:00
Written on Tue, 02/23/2010 - 8:00am
By Chip Brian

SmarTrend identified a Downtrend for UQM Technologies (AMEX:UQM) on January 25, 2010 at $5.00. In approximately 4 weeks, UQM Technologies has returned 3.2% as of today's recent price of $4.84.
UQM Technologies is currently below its 50-day moving average of $5.44 and should find support at its 200-day moving average of $4.28. 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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