[May 24, 2012] Shares of SMP Down 38.5% Since Downtrend Call on Shares Tweet May 24, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Standard Motor Products (NYSE:SMP) on March 6th, 2012 at $21.54. In approximately 3 months, Standard Motor Products has returned 38.52% as of today's recent price of $13.24. Over the past year, Standard Motor Products has traded in a range of $10.25 to $25.91 and is now at $13.24, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.7% while the 200-day MA has remained constant. Standard Motor Products, Inc. manufactures replacement parts and automotive related items for the automotive industry. The Company's products include ignition and electrical parts, emission and engine controls, sensors, battery cables, clutches, blower motors, condensers, and hoses, among others. Standard Motor sells its products primarily throughout the United States and Canada. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Standard Motor Products. Log in and add Standard Motor Products (SMP) 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 ]