Downtrend Spotted in Shares of SandRidge Energy (SD)
Tuesday, March 9, 2010 - 11:41
Written on Tue, 03/09/2010 - 11:41am
By Chip Brian

SmarTrend identified a Downtrend for SandRidge Energy (NYSE:SD) on January 29, 2010 at $8.78. In approximately 1 month, SandRidge Energy has returned 15.7% as of today's recent price of $7.40.
SandRidge Energy is currently below its 50-day moving average of $9.09 and below its 200-day moving average of $10.33. 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 SandRidge Energy.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): SD

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