SmarTrend Vindicated on Sterlite Industries India Downtrend Call: Stock Price Down 22.2% (SLT)
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[August 24, 2011]

SmarTrend Vindicated on Sterlite Industries India Downtrend Call: Stock Price Down 22.2% (SLT)

Aug 24, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Sterlite Industries India (NYSE:SLT) on August 02, 2011 at $14.04. In approximately 3 weeks, Sterlite Industries India has returned 22.2% as of today's recent price of $10.93.


In the past 52 weeks, shares of Sterlite Industries India have traded between a low of $10.84 and a high of $17.39 and are now at $10.93, which is 1% above that low price.

Sterlite Industries India is currently below its 50-day moving average of $13.88 and below its 200-day moving average of $14.87. 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 1.59% while the 200-day MA has slid 0.55%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Sterlite Industries India.

Write to Chip Brian at cbrian@mysmartrend.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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