Technical Analysis: Downtrend Spotted in Shares of AgFeed Industries (FEED)

SmarTrend identified a Downtrend for AgFeed Industries (NASDAQ:FEED) on May 05, 2010 at $3.98. In approximately 3 months, AgFeed Industries has returned 27.3% as of today's recent price of $2.89.

AgFeed Industries is currently below its 50-day moving average of $3.06 and below its 200-day moving average of $4.22. 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 AgFeed Industries.

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