SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of Digital Ally (DGLY)

SmarTrend identified a Downtrend for Digital Ally DGLY on February 11, 2010 at $2.06. In approximately 2 months, Digital Ally has returned 3.9% as of today's recent price of $1.98.

Digital Ally is currently below its 50-day moving average of $2.02 and below its 200-day moving average of $2.26. 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 Digital Ally.

Write to Chip Brian at cbrian@tradethetrend.com

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