Revlon: The Trend Continues Lower (REV)
SmarTrend identified a Downtrend for Revlon (NYSE: REV) on January 12, 2010 at $16.65. In approximately 2 months, Revlon has returned 10.8% as of today's recent price of $14.86.
Revlon is currently below its 50-day moving average of $16.01 and should find support at its 200-day moving average of $10.37. 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 Revlon.
Write to Chip Brian at cbrian@tradethetrend.com
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