Cherokee: The Trend Continues Down (CHKE)
SmarTrend identified a Downtrend for Cherokee (NASDAQ: CHKE) on January 27, 2010 at $16.51. In approximately 2 weeks, Cherokee has returned 4.2% as of today's recent price of $15.81.
Cherokee is currently below its 50-day moving average of $17.12 and below its 200-day moving average of $19.48. 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 Cherokee.
Write to Chip Brian at cbrian@tradethetrend.com
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