SmarTrend identified a Downtrend for China Medical Technologies (NASDAQ: CMED) on November 10, 2009 at $14.82. In approximately 4 months, China Medical Technologies has returned 7.9% as of today's recent price of $13.65.

China Medical Technologies is currently below its 50-day moving average of $13.99 and below its 200-day moving average of $16.43. 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 China Medical Technologies.

Write to Chip Brian at [email protected]

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