Shares of NMTI Down 98.5% Since Downtrend Call on Shares

SmarTrend identified a Downtrend for NMT Medical NMTI on January 19, 2011 at $0.47. In approximately 6 months, NMT Medical has returned 98.5% as of today's recent price of $0.01.

In the past 52 weeks, shares of NMT Medical have traded between a low of $0.01 and a high of $0.90 and are now at $0.01, which is -30% above that low price.

NMT Medical is currently below its 50-day moving average of $0.01 and below its 200-day moving average of $0.22. 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 20.59% while the 200-day MA has slid 2.86%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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