FalconStor Software: The Trend Continues Down (FALC)
SmarTrend identified a Downtrend for FalconStor Software (NASDAQ: FALC) on January 19, 2010 at $3.61. In approximately 1 month, FalconStor Software has returned 4.3% as of Thursday's closing price of $3.45.
FalconStor Software is currently below its 50-day moving average of $3.83 and below its 200-day moving average of $4.26. 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 FalconStor Software.
Write to Chip Brian at cbrian@tradethetrend.com
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