[February 08, 2010] SmarTrend Detects Continued Selling Pressure in Shares of Ameriprise Financial (AMP) Tweet Feb 08, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Ameriprise Financial (NYSE:AMP) on January 29, 2010 at $39.08. In approximately 1 week, Ameriprise Financial has returned 4.4% as of today's recent price of $37.36. Ameriprise Financial is currently below its 50-day moving average of $39.45 and should find support at its 200-day moving average of $32.29. 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 Ameriprise Financial. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 [ Back To TMCnet.com's Homepage ]