SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Brocade Communications Systems (BRCD)
Tuesday, March 9, 2010 - 12:07
Written on Tue, 03/09/2010 - 12:07pm
By Chip Brian

SmarTrend identified a Downtrend for Brocade Communications Systems (NASDAQ:BRCD) on November 24, 2009 at $7.30. In approximately 3 months, Brocade Communications Systems has returned 19.7% as of today's recent price of $5.86.
Brocade Communications Systems is currently below its 50-day moving average of $7.01 and below its 200-day moving average of $7.73. 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 Brocade Communications Systems.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): BRCD

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