Archer-Daniels-Midland: The Trend Continues Down (ADM)
Friday, March 19, 2010 - 11:40
Written on Fri, 03/19/2010 - 11:40am
By Chip Brian

SmarTrend identified a Downtrend for Archer-Daniels-Midland (NYSE:ADM) on January 25, 2010 at $30.20. In approximately 2 months, Archer-Daniels-Midland has returned 4.8% as of today's recent price of $28.76.
Archer-Daniels-Midland is currently below its 50-day moving average of $30.09 and below its 200-day moving average of $29.61. 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 Archer-Daniels-Midland.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): ADM

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