Downtrend Spotted in Shares of SunPower (SPWRA)
Tuesday, March 9, 2010 - 11:28
Written on Tue, 03/09/2010 - 11:28am
By Chip Brian

SmarTrend identified a Downtrend for SunPower (NASDAQ:SPWRA) on January 20, 2010 at $22.39. In approximately 2 months, SunPower has returned 9.5% as of today's recent price of $20.27.
SunPower is currently below its 50-day moving average of $21.78 and below its 200-day moving average of $25.97. 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 SunPower.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): SPWRA

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.