SmarTrend identified a Downtrend for Greater China Fund (NYSE: GCH) on January 25, 2010 at $13.04. In approximately 1 week, Greater China Fund has returned 4.6% as of today's recent price of $12.44.
Greater China Fund is currently below its 50-day moving average of $13.61 and should find support at its 200-day moving average of $12.23. 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 Greater China Fund.
Write to Chip Brian at cbrian@tradethetrend.com
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