SmarTrend Vindicated on Allianz SE Downtrend Call: Stock Price Down 8.1% (AZSEY)

SmarTrend identified a Downtrend for Allianz SE AZSEY on May 13, 2011 at $13.95. In approximately 2 months since that trend was identified, Allianz SE has fallen 8.1% as of today's recent price of $12.81.

In the past 52 weeks, shares of Allianz SE have traded between a low of $10.04 and a high of $18.83 and are now at $12.81, which is 28% above that low price.

Allianz SE is currently below its 50-day moving average of $13.83 and below its 200-day moving average of $13.22. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 0.69% while the 200-day MA has risen 0.42%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Allianz SE.

Write to Chip Brian at cbrian@mysmartrend.com

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