Market Overview

Subaye Down 72.5% Since SmarTrend Downtrend Call (SBAY)

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SmarTrend identified a Downtrend for Subaye (NASDAQ: SBAY) on January 25, 2011 at $9.59. In approximately 2 months, Subaye has returned 72.5% as of today's recent price of $2.64.

In the past 52 weeks, shares of Subaye have traded between a low of $2.88 and a high of $17.45 and are now at $2.64, which is -8% above that low price.

Subaye is currently below its 50-day moving average of $7.23 and below its 200-day moving average of $9.64. 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 7.33% while the 200-day MA has slid 1.93%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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