Market Overview

SmarTrend Vindicated on Constant Contact Downtrend Call: Stock Price Down 24.5% (CTCT)

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SmarTrend identified a Downtrend for Constant Contact (NASDAQ: CTCT) on April 15, 2011 at $31.41. In approximately 1 month, Constant Contact has returned 24.5% as of today's recent price of $23.71.

In the past 52 weeks, shares of Constant Contact have traded between a low of $16.75 and a high of $36.33 and are now at $23.71, which is 42% above that low price.

Constant Contact is currently below its 50-day moving average of $30.88 and below its 200-day moving average of $26.32. 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 1.03% while the 200-day MA has risen 0.34%.

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

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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