SmarTrend Detects Continued Selling Pressure in Shares of Aastrom Biosciences (ASTM)
SmarTrend identified a Downtrend for Aastrom Biosciences (NASDAQ: ASTM) on October 15, 2009 at $0.35. In approximately 4 months, Aastrom Biosciences has returned 39.6% as of today's recent price of $0.21.
Aastrom Biosciences is currently below its 50-day moving average of $0.29 and below its 200-day moving average of $0.36. 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 Aastrom Biosciences.
Write to Chip Brian at cbrian@tradethetrend.com
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