von frei06 auf W:O gepostet
YRC Worldwide Down 93.5% Since SmarTrend Downtrend Call (YRCW)
Written on Wed, 09/21/2011 - 6:02pm
By David Diaz
SmarTrend identified a Downtrend for YRC Worldwide (NASDAQ:YRCW) on July 20, 2011 at $1.04. In approximately 2 months since that trend was identified, YRC Worldwide has fallen 93.5% as of today's recent price of $0.07. In the past 52 weeks, shares of YRC Worldwide have traded between a low of $0.06 and a high of $8.25 and are now at $0.07, which is 13% above that low price. YRC Worldwide is currently below its 50-day moving average of $0.76 and below its 200-day moving average of $1.91. Look for these moving averages to decline to confirm the company's downward momentum. In the last five trading sessions, the 50-day MA has fallen 8.16% while the 200-day MA has slid 2.5%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of YRC Worldwide.
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