SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of Northwest Pipe (NWPX)

SmarTrend identified a Downtrend for Northwest Pipe NWPX on January 25, 2010 at $24.91. In approximately 2 weeks, Northwest Pipe has returned 12% as of today's recent price of $21.92.

Northwest Pipe is currently below its 50-day moving average of $26.09 and below its 200-day moving average of $32.77. 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 Northwest Pipe.

Write to Chip Brian at cbrian@tradethetrend.com

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