Aug 07, 2011 (SmarTrend(R) Spotlight via COMTEX) — SmarTrend identified a Downtrend for Radio One (NASDAQ:ROIAK – Analyst Report) on May 27, 2011 at $2.37. In approximately 2 months, Radio One has returned 49.4% as of today’s recent price of $1.20.
In the past 52 weeks, shares of Radio One have traded between a low of $0.55 and a high of $3.04 and are now at $1.20, which is 118% above that low price.
Radio One is currently below its 50-day moving average of $1.79 and below its 200-day moving average of $1.71. 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 6.19% while the 200-day MA has risen 0.54%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Radio One.