Palm (PALM) Downgrade Alert, Watch for 47.1% Technical Downtrend Continuation
Friday, March 19, 2010 - 09:12
Written on Fri, 03/19/2010 - 9:12am
By Chip Brian

Palm (NASDAQ:PALM) downgraded to Sell, $0 target, at Morgan Joseph. The stock closed yesterday at $5.65 on volume of 42,610,602 shares, above average daily volume of 14,593,101.
Palm is currently below its 50-day moving average of $9.30 and below its 200-day moving average of $12.61.
SmarTrend is bearish on shares of PALM and our subscribers received a Downtrend alert on January 29, 2010 at $10.69, which has returned 47.1% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): PALM

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