United Microelectronics: The Trend Continues Lower (UMC)
Tuesday, March 9, 2010 - 11:46
Written on Tue, 03/09/2010 - 11:46am
By Chip Brian

SmarTrend identified a Downtrend for United Microelectronics (NYSE:UMC) on January 28, 2010 at $3.68. In approximately 1 month, United Microelectronics has returned 3.5% as of today's recent price of $3.55.
United Microelectronics is currently below its 50-day moving average of $3.77 and should find support at its 200-day moving average of $3.41. 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 United Microelectronics.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): UMC

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