Skywest: The Trend Continues Down (SKYW)
SmarTrend identified a Downtrend for Skywest (NASDAQ: SKYW) on January 26, 2010 at $15.28. In approximately 1 month, Skywest has returned 3.5% as of today's recent price of $14.75.
Skywest is currently below its 50-day moving average of $15.54 and should find support at its 200-day moving average of $14.42. 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 Skywest.
Write to Chip Brian at cbrian@tradethetrend.com
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