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SmarTrend Detects Continued Selling Pressure in Shares of Cbeyond (CBEY)Feb 08, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Cbeyond (NASDAQ:CBEY) on January 13, 2010 at $14.08. In approximately 4 weeks, Cbeyond has returned 13% as of today's recent price of $12.25. Cbeyond is currently below its 50-day moving average of $13.99 and below its 200-day moving average of $15.06. 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 Cbeyond. 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 ] |
