[August 15, 2011] SmarTrend Vindicated on Majesco Entertainment Downtrend Call: Stock Price Down 31.1% (COOL) Tweet Aug 15, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Majesco Entertainment (NASDAQ:COOL) on June 23, 2011 at $2.89. In approximately 2 months, Majesco Entertainment has returned 31.1% as of today's recent price of $1.99. 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 $1.99, which is 306% above that low price. Majesco Entertainment is currently below its 50-day moving average of $2.90 and below its 200-day moving average of $2.11. 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 4.09% while the 200-day MA has risen 1.45%. 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 ]