MTS Systems Downward Momentum Looks to Continue (MTSC)
SmarTrend identified a Downtrend for MTS Systems (NASDAQ: MTSC) on January 28, 2010 at $27.02. In approximately 1 week, MTS Systems has returned 4.7% as of today's recent price of $25.75.
MTS Systems is currently below its 50-day moving average of $27.69 and should find support at its 200-day moving average of $25.40. 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 MTS Systems.
Write to Chip Brian at cbrian@tradethetrend.com
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