Downtrend Spotted in Shares of A-Power Energy Generation Systems (APWR)
SmarTrend identified a Downtrend for A-Power Energy Generation Systems (NASDAQ: APWR) on January 21, 2010 at $15.13. In approximately 2 months, A-Power Energy Generation Systems has returned 15.9% as of today's recent price of $12.73.
A-Power Energy Generation Systems is currently below its 50-day moving average of $14.95 and should find support at its 200-day moving average of $12.23. 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 A-Power Energy Generation Systems.
Write to Chip Brian at cbrian@tradethetrend.com
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