HSBC Holdings: The Trend Continues Down (HBC)
Tuesday, March 9, 2010 - 11:16
Written on Tue, 03/09/2010 - 11:16am
By Chip Brian

SmarTrend identified a Downtrend for HSBC Holdings (NYSE:HBC) on November 27, 2009 at $58.20. In approximately 3 months, HSBC Holdings has returned 9.9% as of today's recent price of $52.42.
HSBC Holdings is currently below its 50-day moving average of $54.99 and below its 200-day moving average of $53.07. 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 HSBC Holdings.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): HBC

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