[May 17, 2012] Downtrend Call Working As McGrath RentCorp Stock Falls 16.3% (MGRC) Tweet May 17, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for McGrath RentCorp (NASDAQ:MGRC) on April 9th, 2012 at $30.59. In approximately 1 month, McGrath RentCorp has returned 16.28% as of today's recent price of $25.61. McGrath RentCorp share prices have moved between a 52-week high of $33.35 and a 52-week low of $21.61 and are now trading 19% above that low price at $25.61 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%. McGrath Rentcorp rents and sells relocatable modular offices, as well as electronic test and measurement instruments. The Company's offices are used as temporary offices adjacent to existing facilities, and as sales offices, construction field offices, classrooms, and for a variety of other purposes. McGrath serves customers primarily in California and Texas. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of McGrath RentCorp. Log in and add McGrath RentCorp (MGRC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. 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 ]