SmarTrend Detects Continued Selling Pressure in Shares of Pericom Semiconductor (PSEM)

SmarTrend identified a Downtrend for Pericom Semiconductor PSEM on January 21, 2010 at $9.64. In approximately 3 weeks, Pericom Semiconductor has returned 8.5% as of today's recent price of $8.82.

Pericom Semiconductor is currently below its 50-day moving average of $10.53 and below its 200-day moving average of $9.66. 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 Pericom Semiconductor.

Write to Chip Brian at cbrian@tradethetrend.com

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