SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of OceanFreight (OCNF)
Friday, March 19, 2010 - 11:12
Written on Fri, 03/19/2010 - 11:12am
By Chip Brian

SmarTrend identified a Downtrend for OceanFreight (NASDAQ:OCNF) on October 19, 2009 at $1.16. In approximately 5 months, OceanFreight has returned 33.6% as of today's recent price of $0.77.
OceanFreight is currently below its 50-day moving average of $0.84 and below its 200-day moving average of $1.17. 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 OceanFreight.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): OCNF

Contact Chip Brian



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