SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Palm (PALM)
Friday, March 19, 2010 - 09:58
Written on Fri, 03/19/2010 - 9:58am
By Chip Brian

SmarTrend identified a Downtrend for Palm (NASDAQ:PALM) on January 29, 2010 at $10.69. In approximately 2 months, Palm has returned 56.8% as of today's recent price of $4.62.
Palm is currently below its 50-day moving average of $9.30 and below its 200-day moving average of $12.61. 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 Palm.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): PALM

Contact Chip Brian



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