Martek Biosciences (MATK) Bearish Technical Alert - Trend Down 5.6%

Martek Biosciences (NASDAQ:MATK) is trading 1.5% lower (down $0.32 to $21.20) today on volume of 294,181 shares. The stock has traded within a 52-week range of $15.36 and $31.60.

Martek Biosciences is currently below its 50-day moving average of $23.65 and below its 200-day moving average of $21.98.

SmarTrend is bearish on shares of MATK and our subscribers received a Downtrend alert on October 01, 2009 at $22.46, which has returned 5.6% to date.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

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.TradeTheTrend.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.TradeTheTrend.com/signup.html

Related terms: market, nasdaq, securities