SmarTrend Detects Continued Selling Pressure in Shares of Cytori Therapeutics (CYTX)
Friday, March 19, 2010 - 11:44
Written on Fri, 03/19/2010 - 11:44am
By Chip Brian

SmarTrend identified a Downtrend for Cytori Therapeutics (NASDAQ:CYTX) on January 29, 2010 at $7.26. In approximately 2 months, Cytori Therapeutics has returned 32% as of today's recent price of $4.94.
Cytori Therapeutics is currently below its 50-day moving average of $7.22 and should find support at its 200-day moving average of $4.80. 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 Cytori Therapeutics.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): CYTX

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