Euroseas (ESEA) Bearish Technical Alert - Trend Down 5.3%

Euroseas (NASDAQ:ESEA) is trading 4.7% lower (down $0.22 to $4.46) today on volume of 114,062 shares. The stock has traded within a 52-week range of $2.88 and $13.68.

Euroseas is currently below its 50-day moving average of $4.93 and below its 200-day moving average of $4.72.

SmarTrend is bearish on shares of ESEA and our subscribers received a Downtrend alert on June 23, 2009 at $4.71, which has returned 5.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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