Sasol: The Trend Continues Lower (SSL)
Thursday, March 11, 2010 - 17:47
Written on Thu, 03/11/2010 - 5:47pm
By Chip Brian

SmarTrend identified a Downtrend for Sasol (NYSE:SSL) on January 19, 2010 at $40.55. In approximately 2 months, Sasol has returned 5.9% as of today's recent price of $38.15.
Sasol is currently below its 50-day moving average of $38.44 and should find support at its 200-day moving average of $37.85. 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 Sasol.

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