Downtrend Spotted in Shares of Medis Technologies (MDTL)
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[January 20, 2010]

Downtrend Spotted in Shares of Medis Technologies (MDTL)

Jan 20, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Medis Technologies (NASDAQ:MDTL) on October 28, 2009 at $0.20. In approximately 3 months, Medis Technologies has returned 64% as of today's recent price of $0.07.



Medis Technologies is currently below its 50-day moving average of $0.08 and below its 200-day moving average of $0.29. 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 Medis Technologies.


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

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