Technitrol (TNL) Bearish Technical Alert - Trend Down 22.7%

Technitrol (NYSE:TNL) is trading 0.2% lower (down $0.01 to $6.50) today on volume of 91,379 shares. The stock has traded within a 52-week range of $0.95 and $10.47.

Technitrol is currently below its 50-day moving average of $8.71 and should find support at its 200-day moving average of $5.38.

SmarTrend is bearish on shares of TNL and our subscribers received a Downtrend alert on October 26, 2009 at $8.40, which has returned 22.7% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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