SmarTrend Detects Continued Selling Pressure in Shares of Acorn International (ATV)
Wednesday, March 17, 2010 - 17:59
Written on Wed, 03/17/2010 - 5:59pm
By Chip Brian

SmarTrend identified a Downtrend for Acorn International (NYSE:ATV) on March 12, 2010 at $5.74. In approximately 1 week, Acorn International has returned 10.6% as of today's recent price of $5.13.
Acorn International is currently below its 50-day moving average of $5.88 and should find support at its 200-day moving average of $5.01. 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 Acorn International.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): ATV

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