[May 17, 2012] Downtrend Call Working As Primoris Services Stock Falls 26.6% (PRIM) Tweet May 17, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Primoris Services (NASDAQ:PRIM) on March 1st, 2012 at $15.25. In approximately 3 months, Primoris Services has returned 26.56% as of today's recent price of $11.20. In the past 52 weeks, Primoris Services share prices have been bracketed by a low of $9.49 and a high of $17.10 and are now at $11.20, 18% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.6%. Primoris Services Corporation is a holding company. The Company, through its subsidiaries, provides wide range of construction, fabrication, maintenance and replacement services, as well as engineering services to public utilities, petrochemical companies, energy companies, municipalities and other customers. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Primoris Services . Log in and add Primoris Services (PRIM) 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 ]