Vivo Participacoes: The Trend Continues Down (VIV)
SmarTrend identified a Downtrend for Vivo Participacoes (NYSE: VIV) on February 04, 2010 at $28.14. In approximately 4 weeks, Vivo Participacoes has returned 3.2% as of today's recent price of $27.25.
Vivo Participacoes is currently below its 50-day moving average of $29.17 and should find support at its 200-day moving average of $25.37. 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 Vivo Participacoes.
Write to Chip Brian at cbrian@tradethetrend.com
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