A-Power Energy Generation Systems Bearish Moving Average Crossover Alert (APWR)
Today, shares of A-Power Energy Generation Systems (NASDAQ: APWR) have crossed bearishly below their 10-day moving average of $12.58 on volume of 553 thousand shares.
This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.
SmarTrend issued a Downtrend Alert for A-Power Energy Generation Systems on January 21, 2010 at $15.13. In approximately 2 months, A-Power Energy Generation Systems has returned 18.1% as of today's recent price of $12.39.
We will continue to monitor APWR's share price relative to this moving average.
Write to Chip Brian at cbrian@tradethetrend.com
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