Lance Downward Momentum Looks to Continue (LNCE)
SmarTrend identified a Downtrend for Lance (NASDAQ: LNCE) on January 07, 2010 at $24.35. In approximately 2 months, Lance has returned 7.1% as of today's recent price of $22.63.
Lance is currently below its 200-day moving average of $24.12 and should find support at its 50-day moving average of $22.41. 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 Lance.
Write to Chip Brian at cbrian@tradethetrend.com
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