Downtrend Spotted in Shares of RAE Systems (RAE)
SmarTrend identified a Downtrend for RAE Systems (AMEX: RAE) on January 21, 2010 at $0.85. In approximately 2 months, RAE Systems has returned 3.5% as of today's recent price of $0.82.
RAE Systems is currently below its 50-day moving average of $0.89 and below its 200-day moving average of $1.05. 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 RAE Systems.
Write to Chip Brian at cbrian@tradethetrend.com
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