Siliconware Precision Industries: The Trend Continues Down (SPIL)
SmarTrend identified a Downtrend for Siliconware Precision Industries (NASDAQ: SPIL) on February 04, 2010 at $6.27. In approximately 1 month, Siliconware Precision Industries has returned 3.3% as of today's recent price of $6.06.
Siliconware Precision Industries is currently below its 50-day moving average of $6.55 and below its 200-day moving average of $6.78. 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 Siliconware Precision Industries.
Write to Chip Brian at cbrian@tradethetrend.com
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