China Marine Food Group Down 37.3% Since SmarTrend Downtrend Call (CMFO)

Written on Tue, 06/21/2011 - 5:34pm

By Amanda Smith

SmarTrend identified a Downtrend for China Marine Food Group (NASDAQ:CMFO) on April 01, 2011 at $3.86. In approximately 3 months since that trend was identified, China Marine Food Group has fallen 37.3% as of today's recent price of $2.42.
In the past 52 weeks, shares of China Marine Food Group have traded between a low of $2.50 and a high of $7.15 and are now at $2.42, which is -3% above that low price.
China Marine Food Group is currently below its 50-day moving average of $3.29 and below its 200-day moving average of $4.51. 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 1.73% while the 200-day MA has slid 0.86%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of China Marine Food Group.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): CMFO

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