SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of Sulphco (SUF)

SmarTrend identified a Downtrend for Sulphco (AMEX: SUF) on October 28, 2010 at $0.25. In approximately 4 weeks, Sulphco has returned 14% as of today's recent price of $0.22.

In the past 52 weeks, shares of Sulphco have traded between a low of $0.17 and a high of $1.21 and are now at $0.22, which is 26% above that low price.

Sulphco is currently below its 50-day moving average of $0.36 and below its 200-day moving average of $0.35. 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 4.54% while the 200-day MA has slid 1.65%.

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



Read more: http://www.benzinga.com/press-releases/10/11/c633478/smartrends-trend-spotter-see-continued-downward-momentum-on-shares-of-s#ixzz162Rps2G9