Downtrend Spotted in Shares of Ascent Solar Technologies (ASTI)
SmarTrend identified a Downtrend for Ascent Solar Technologies (NASDAQ: ASTI) on January 27, 2010 at $4.57. In approximately 1 month, Ascent Solar Technologies has returned 7.2% as of today's recent price of $4.24.
Ascent Solar Technologies is currently below its 50-day moving average of $4.77 and below its 200-day moving average of $5.96. 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 Ascent Solar Technologies.
Write to Chip Brian at cbrian@tradethetrend.com
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