Market Overview

Avon Products Shares Down 6.9% Since SmarTrend Said Sell (AVP)

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for Avon Products (NYSE: AVP) on October 28, 2010 at $30.29. In approximately 6 months, Avon Products has returned 6.9% as of today's recent price of $28.19.

In the past 52 weeks, shares of Avon Products have traded between a low of $25.00 and a high of $36.20 and are now at $28.19, which is 13% above that low price.

Avon Products is currently below its 200-day moving average of $29.48 and should find support at its 50-day moving average of $27.78. 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 remained constant while the 200-day MA has remained constant.

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

Write to Chip Brian at cbrian@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup

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