Market Overview

11.2% Return Seen to Date on SmarTrend KMG Chemicals Call (KMGB)

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SmarTrend identified a Downtrend for KMG Chemicals (NASDAQ: KMGB) on May 05, 2011 at $18.98. In approximately 1 month since that trend was identified, KMG Chemicals has fallen 11.2% as of today's recent price of $16.86.

In the past 52 weeks, shares of KMG Chemicals have traded between a low of $12.62 and a high of $20.69 and are now at $16.86, which is 34% above that low price.

KMG Chemicals is currently below its 50-day moving average of $19.34 and should find support at its 200-day moving average of $16.68. 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 0.24% while the 200-day MA has risen 0.26%.

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

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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