Innerworkings Downward Momentum Looks to Continue (INWK)
SmarTrend identified a Downtrend for Innerworkings (NASDAQ: INWK) on February 01, 2010 at $5.67. In approximately 2 months, Innerworkings has returned 9.2% as of today's recent price of $5.15.
Innerworkings is currently below its 50-day moving average of $5.95 and below its 200-day moving average of $5.49. 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 Innerworkings.
Write to Chip Brian at cbrian@tradethetrend.com
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