SmarTrend Detects Continued Selling Pressure in Shares of Grupo Televisa (TV)
Thursday, March 4, 2010 - 15:18
Written on Thu, 03/04/2010 - 3:18pm
By Chip Brian

SmarTrend identified a Downtrend for Grupo Televisa (NYSE:TV) on January 20, 2010 at $20.16. In approximately 1 month, Grupo Televisa has returned 4.7% as of today's recent price of $19.22.
Grupo Televisa is currently below its 50-day moving average of $19.88 and should find support at its 200-day moving average of $18.90. 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 Grupo Televisa.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): TV

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.