SmarTrend Detects Continued Selling Pressure in Shares of BigBand Networks (BBND)
SmarTrend identified a Downtrend for BigBand Networks (NASDAQ: BBND) on August 06, 2009 at $4.28. In approximately 6 months, BigBand Networks has returned 31.3% as of today's recent price of $2.94.
BigBand Networks is currently below its 50-day moving average of $3.34 and below its 200-day moving average of $4.27. 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 BigBand Networks.
Write to Chip Brian at cbrian@tradethetrend.com
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