Sellers Distribute Shares of PennantPark Investment, Down 2.1% (PNNT)

PennantPark Investment PNNT is one of today's notable stocks in decline, down 2.1% to $10.43. The S&P is currently trading 1.1% lower to 1,273 and the Dow Jones Industrial Average is trading 0.8% lower to 12,034.

PennantPark Investment is in SmarTrend's Closed End Fund- Equity industry and this industry is currently in a Downtrend according to our research. We are monitoring many other stocks on the move within this industry.

In the last five trading sessions, the 50-day MA has fallen 0.65% while the 200-day MA has remained constant.

In the past 52 weeks, shares of PennantPark Investment have traded between a low of $9.61 and a high of $13.19 and are now at $10.43, which is 9% above that low price.

SmarTrend currently has shares of PennantPark Investment in an Downtrend and issued the Downtrend alert on March 14, 2011 at $11.48. The stock has fallen 7.2% since the Downtrend alert was issued.

Write to Chip Brian at cbrian@mysmartrend.com

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