Downtrend Call Realized As Jaguar Mining Stock Falls 6.1% (JAG)

SmarTrend identified a Downtrend for Jaguar Mining JAG on May 05, 2011 at $4.82. In approximately 3 months, Jaguar Mining has returned 6.1% as of today's recent price of $4.52.

In the past 52 weeks, shares of Jaguar Mining have traded between a low of $4.11 and a high of $8.30 and are now at $4.52, which is 10% above that low price.

Jaguar Mining is currently below its 50-day moving average of $4.95 and below its 200-day moving average of $5.68. 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 0.51% while the 200-day MA has slid 0.8%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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