[July 21, 2011] Shares of COOL Down 6.6% Since Downtrend Call on Shares Tweet Jul 21, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Majesco Entertainment (NASDAQ:COOL) on June 23, 2011 at $2.89. In approximately 4 weeks, Majesco Entertainment has returned 6.6% as of today's recent price of $2.70. In the past 52 weeks, shares of Majesco Entertainment have traded between a low of $0.49 and a high of $4.53 and are now at $2.70, which is 451% above that low price. Majesco Entertainment is currently below its 50-day moving average of $3.12 and should find support at its 200-day moving average of $1.97. 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 0.33% while the 200-day MA has risen 1.79%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Majesco Entertainment. 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 ]