American Science & Engineering: The Trend Continues Down (ASEI)
SmarTrend identified a Downtrend for American Science & Engineering (NASDAQ: ASEI) on February 04, 2010 at $77.19. In approximately 1 week, American Science & Engineering has returned 3.3% as of today's recent price of $74.63.
American Science & Engineering is currently below its 50-day moving average of $75.42 and should find support at its 200-day moving average of $68.10. 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 American Science & Engineering.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup
