Downtrend Spotted in Shares of Arbitron (ARB)
SmarTrend identified a Downtrend for Arbitron (NYSE: ARB) on February 18, 2010 at $23.14. In approximately 2 weeks, Arbitron has returned 4.9% as of today's recent price of $22.01.
Arbitron is currently below its 50-day moving average of $24.47 and should find support at its 200-day moving average of $20.76. 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 Arbitron.
Write to Chip Brian at cbrian@tradethetrend.com
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