SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of India Globalization Capital (IGC)
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[March 15, 2011]

SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of India Globalization Capital (IGC)

Mar 15, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for India Globalization Capital (AMEX:IGC) on February 23, 2011 at $0.60. In approximately 3 weeks, India Globalization Capital has returned 9.2% as of today's recent price of $0.54.


In the past 52 weeks, shares of India Globalization Capital have traded between a low of $0.51 and a high of $2.69 and are now at $0.54, which is 6% above that low price.

India Globalization Capital is currently below its 50-day moving average of $0.67 and below its 200-day moving average of $0.82. 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 climbed 0.36% while the 200-day MA has slid 1%.

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

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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