IncrediMail: The Trend Continues Lower (MAIL)
SmarTrend identified a Downtrend for IncrediMail (NASDAQ: MAIL) on January 26, 2010 at $8.10. In approximately 4 weeks, IncrediMail has returned 4.8% as of today's recent price of $7.71.
IncrediMail is currently below its 50-day moving average of $8.95 and should find support at its 200-day moving average of $7.67. 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 IncrediMail.
Write to Chip Brian at cbrian@tradethetrend.com
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