Motorola Downward Momentum Looks to Continue (MOT)
Friday, March 19, 2010 - 11:33
Written on Fri, 03/19/2010 - 11:33am
By Chip Brian

SmarTrend identified a Downtrend for Motorola (NYSE:MOT) on January 12, 2010 at $7.50. In approximately 2 months, Motorola has returned 4% as of today's recent price of $7.20.
Motorola is currently below its 200-day moving average of $7.51 and should find support at its 50-day moving average of $7.05. 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 Motorola.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): MOT

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