Downtrend Spotted in Shares of Helicos BioSciences (HLCS)
SmarTrend identified a Downtrend for Helicos BioSciences (NASDAQ: HLCS) on March 05, 2010 at $0.92. In approximately 2 weeks, Helicos BioSciences has returned 6% as of today's recent price of $0.87.
Helicos BioSciences is currently below its 50-day moving average of $1.04 and below its 200-day moving average of $1.36. 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 Helicos BioSciences.
Write to Chip Brian at cbrian@tradethetrend.com
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