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Downtrend Call Working As Nicor Stock Falls 23.6% (GAS)
Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Nicor (NYSE:GAS) on November 23rd, 2011 at $53.92. In approximately 3 months, Nicor has returned 23.60% as of today's recent price of $41.19.
In the past 52 weeks, Nicor share prices have been bracketed by a low of $40.35 and a high of $57.76 and are now at $41.19, 2% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 0.3%.
Nicor Inc. is holding company. The Company, through its subsidiaries, provides gas distribution services in Illinois as well as containerized freight transportation services the Bahamas and the Caribbean region. Nicor als provides energy-related products and services to retail markets and markets natural gas on a wholesale basis.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Nicor.
Log in and add Nicor (GAS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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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
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