Endeavour Silver Downward Momentum Looks to Continue (EXK)
SmarTrend identified a Downtrend for Endeavour Silver (AMEX: EXK) on January 22, 2010 at $3.55. In approximately 4 weeks, Endeavour Silver has returned 5.9% as of today's recent price of $3.34.
Endeavour Silver is currently below its 50-day moving average of $3.68 and should find support at its 200-day moving average of $2.71. 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 Endeavour Silver.
Write to Chip Brian at cbrian@tradethetrend.com
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