TMCnet News
Rediff.Com Shares Down 31.9% Since SmarTrend's Sell Call (REDF)May 18, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Rediff.Com (NASDAQ:REDF) on December 14th, 2011 at $7.37. In approximately 5 months, Rediff.Com has returned 31.89% as of today's recent price of $5.02. Rediff.Com share prices have moved between a 52-week high of $14.48 and a 52-week low of $4.76 and are now trading 5% above that low price at $5.02 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 2.2%. Rediff.com India Limited offers Internet destinations focused on India and the global Indian community. The Company's Web site consists of various interest specific channels, community features, local language editions, search capabilities, and online shopping. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Rediff.Com. Log in and add Rediff.Com (REDF) 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 |