17.5% Return Seen to Date on SmarTrend GeoMet Call (GMET)

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(via COMTEX News Network)--

SmarTrend identified a Downtrend for GeoMet GMET on May 16, 2011 at $1.26. In approximately 2 months, GeoMet has returned 17.5% as of today's recent price of $1.04.

In the past 52 weeks, shares of GeoMet have traded between a low of $0.60 and a high of $2.14 and are now at $1.04, which is 73% above that low price.

GeoMet is currently below its 50-day moving average of $1.16 and below its 200-day moving average of $1.20. 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 1.8% while the 200-day MA has risen 0.41%.

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

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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Posted In: Press ReleasesEnergyOil & Gas Exploration & Production
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