Market Overview

Shares of SBAY Down 96.1% Since Downtrend Call on Shares

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for Subaye (NASDAQ: SBAY) on January 25, 2011 at $9.59. In approximately 6 months, Subaye has returned 96.1% as of today's recent price of $0.37.

In the past 52 weeks, shares of Subaye have traded between a low of $0.33 and a high of $14.92 and are now at $0.37, which is 12% above that low price.

Subaye is currently below its 50-day moving average of $3.66 and below its 200-day moving average of $8.35. 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 11.49% while the 200-day MA has slid 2.05%.

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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