Thoratec (THOR) Bearish Technical Alert - Trend Down 3.8%

Thoratec (NASDAQ:THOR) is trading 1.1% lower (down $0.31 to $26.98) today on volume of 82,595 shares. The stock has traded within a 52-week range of $18.56 and $33.43.

Thoratec is currently below its 50-day moving average of $28.49 and should find support at its 200-day moving average of $26.72.

SmarTrend is bearish on shares of THOR and our subscribers received a Downtrend alert on October 20, 2009 at $28.06, which has returned 3.8% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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