Software HOLDRs Trust: The Trend Continues Lower (SWH)
SmarTrend identified a Downtrend for Software HOLDRs Trust (AMEX: SWH) on January 22, 2010 at $41.28. In approximately 1 week, Software HOLDRs Trust has returned 4% as of today's recent price of $39.61.
Software HOLDRs Trust is currently below its 50-day moving average of $41.58 and should find support at its 200-day moving average of $37.44. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Software HOLDRs Trust.
Write to Chip Brian at cbrian@tradethetrend.com
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