SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Stanley (SXE)
SmarTrend identified a Downtrend for Stanley (NYSE: SXE) on February 01, 2010 at $25.93. In approximately 1 week, Stanley has returned 11.4% as of today's recent price of $22.98.
Stanley is currently below its 50-day moving average of $26.86 and below its 200-day moving average of $27.65. 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 Stanley.
Write to Chip Brian at cbrian@tradethetrend.com
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