Downtrend Spotted in Shares of GMX Resources (GMXR)
Friday, March 12, 2010 - 11:25
Written on Fri, 03/12/2010 - 11:25am
By Chip Brian

SmarTrend identified a Downtrend for GMX Resources (NASDAQ:GMXR) on January 27, 2010 at $11.31. In approximately 1 month, GMX Resources has returned 11.1% as of today's recent price of $10.06.
GMX Resources is currently below its 50-day moving average of $11.72 and below its 200-day moving average of $12.82. 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 GMX Resources.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): GMXR

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