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Great Basin Gold Downward Momentum Looks to Continue (GBG)
[February 22, 2010]

Great Basin Gold Downward Momentum Looks to Continue (GBG)

Feb 22, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Great Basin Gold (AMEX:GBG) on January 29, 2010 at $1.66. In approximately 3 weeks, Great Basin Gold has returned 3% as of today's recent price of $1.61.

Great Basin Gold is currently below its 50-day moving average of $1.75 and should find support at its 200-day moving average of $1.55. 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 Great Basin Gold.


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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