Jack Henry & Associates Downward Momentum Looks to Continue (JKHY)
SmarTrend identified a Downtrend for Jack Henry & Associates (NASDAQ: JKHY) on November 03, 2009 at $22.94. In approximately 4 months, Jack Henry & Associates has returned 3.2% as of today's recent price of $22.21.
Jack Henry & Associates is currently below its 50-day moving average of $22.76 and should find support at its 200-day moving average of $22.12. 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 Jack Henry & Associates.
Write to Chip Brian at cbrian@tradethetrend.com
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