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
---------------------------------------------------------------------------------------------
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