Mitsubishi UFJ Financial Group: The Trend Continues Lower (MTU)
Tuesday, March 9, 2010 - 12:00
Written on Tue, 03/09/2010 - 12:00pm
By Chip Brian

SmarTrend identified a Downtrend for Mitsubishi UFJ Financial Group (NYSE:MTU) on September 25, 2009 at $5.45. In approximately 5 months, Mitsubishi UFJ Financial Group has returned 5.5% as of today's recent price of $5.15.
Mitsubishi UFJ Financial Group is currently below its 200-day moving average of $5.66 and should find support at its 50-day moving average of $5.15. 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 Mitsubishi UFJ Financial Group.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): MTU

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