Verigy: The Trend Continues Lower (VRGY)
SmarTrend identified a Downtrend for Verigy (NASDAQ: VRGY) on January 15, 2010 at $12.23. In approximately 1 month, Verigy has returned 18.6% as of today's recent price of $9.95.
Verigy is currently below its 50-day moving average of $11.93 and below its 200-day moving average of $11.38. 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 Verigy.
Write to Chip Brian at cbrian@tradethetrend.com
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