Innodata Isogen: The Trend Continues Lower (INOD)
Jan 21, 2010 (SmarTrend(R) Spotlight via COMTEX) --
Company: INNODATA Corp. (INOD)
SmarTrend identified a Downtrend for Innodata Isogen (NASDAQ:INOD) on October 28, 2009 at $6.75. In approximately 3 months, Innodata Isogen has returned 21.3% as of Thursday's closing price of $5.31.
Innodata Isogen is currently below its 50-day moving average of $5.74 and below its 200-day moving average of $5.50. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Innodata Isogen.
Write to Chip Brian at cbrian@tradethetrend.com
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Company: INNODATA Corp. (INOD)
Related terms: market, nasdaq, securities
