SmarTrend Detects Continued Selling Pressure in Shares of Altair Nanotechnologies (ALTI)
SmarTrend identified a Downtrend for Altair Nanotechnologies (NASDAQ: ALTI) on November 27, 2009 at $0.87. In approximately 4 months, Altair Nanotechnologies has returned 10.3% as of Thursday's closing price of $0.78.
Altair Nanotechnologies is currently below its 50-day moving average of $0.79 and below its 200-day moving average of $0.93. 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 Altair Nanotechnologies.
Write to Chip Brian at cbrian@tradethetrend.com
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