SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Lorillard (LO)
SmarTrend identified a Downtrend for Lorillard (NYSE: LO) on October 26, 2009 at $75.86. In approximately 4 months, Lorillard has returned 3.3% as of today's recent price of $73.35.
Lorillard is currently below its 50-day moving average of $77.20 and below its 200-day moving average of $74.35. 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 Lorillard.
Write to Chip Brian at cbrian@tradethetrend.com
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