SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Linktone (LTON)
Friday, March 19, 2010 - 11:23
Written on Fri, 03/19/2010 - 11:23am
By Chip Brian

SmarTrend identified a Downtrend for Linktone (NASDAQ:LTON) on December 08, 2009 at $1.87. In approximately 3 months, Linktone has returned 9.6% as of today's recent price of $1.69.
Linktone is currently below its 50-day moving average of $1.76 and below its 200-day moving average of $2.03. 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 Linktone.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): LTON

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.