Downtrend Spotted in Shares of Tix (TIXC)
SmarTrend identified a Downtrend for Tix (NASDAQ: TIXC) on October 27, 2009 at $3.50. In approximately 5 months, Tix has returned 66.9% as of today's recent price of $1.16.
Tix is currently below its 50-day moving average of $1.42 and below its 200-day moving average of $2.41. 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 Tix.
Write to Chip Brian at cbrian@tradethetrend.com
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