Downtrend Spotted in Shares of UQM Technologies (UQM)
SmarTrend identified a Downtrend for UQM Technologies (AMEX: UQM) on January 25, 2010 at $5.00. In approximately 2 months, UQM Technologies has returned 14.6% as of Thursday's closing price of $4.27.
UQM Technologies is currently below its 50-day moving average of $5.02 and below its 200-day moving average of $4.52. 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 UQM Technologies.
Write to Chip Brian at cbrian@tradethetrend.com
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