SmarTrend's Trend Spotter See Continued Downward Momentum on Shares of AU Optronics (AUO)
Feb 01, 2010 (SmarTrend(R) Spotlight via COMTEX) --
Company: AU Optronics Corp (AUO)
SmarTrend identified a Downtrend for AU Optronics (NYSE:AUO) on January 27, 2010 at $11.46. In approximately 1 week, AU Optronics has returned 5.1% as of today's recent price of $10.88.
AU Optronics is currently below its 50-day moving average of $11.44 and should find support at its 200-day moving average of $10.55. 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 AU Optronics.
Write to Chip Brian at cbrian@tradethetrend.com
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Company: AU Optronics Corp (AUO)
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