Tam SA Downward Momentum Looks to Continue (TAM)
Friday, March 19, 2010 - 11:46
Written on Fri, 03/19/2010 - 11:46am
By Chip Brian

SmarTrend identified a Downtrend for Tam SA (NYSE:TAM) on January 20, 2010 at $22.13. In approximately 2 months, Tam SA has returned 23.1% as of today's recent price of $17.02.
Tam SA is currently below its 50-day moving average of $19.54 and should find support at its 200-day moving average of $15.66. 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 Tam SA.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): TAM

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.