Evolution Solar Corp. (EVSO)

[Hot For Stock]

Evolution Solar: The Trend Continues Down (EVSO) - 12/29/2009 5:43:05 PM
By Chip Brian, SmarTrend Analytics Team

SmarTrend identified a Downtrend for Evolution Solar (NASDAQ:EVSO) on December 22, 2009 at $0.33. In approximately 1 week, Evolution Solar has returned 3% as of today's recent price of $0.32.

Evolution Solar is currently below its 50-day moving average of $0.41 and below its 200-day moving average of $0.67. 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 Evolution Solar.