[May 23, 2012] Shares of SLT Down 25.9% Since Downtrend Call on Shares Tweet May 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Sterlite Industries India (NYSE:SLT) on March 6th, 2012 at $8.98. In approximately 3 months, Sterlite Industries India has returned 25.91% as of today's recent price of $6.65. In the past 52 weeks, Sterlite Industries India share prices have been bracketed by a current low of $6.61 and a high of $15.61 and are now at $6.65. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 1%. Sterlite Industries (India) Ltd. manufactures a wide range of electrical wires and related products. The Company's products include copper cathodes, continuous cast copper rods, power transmission line aluminum conductors, sulphuric acid and phosphoric acid. Sterlite Industries also manufactures zinc and lead products. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Sterlite Industries India. Log in and add Sterlite Industries India (SLT) 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 ]