Wednesday, May 12, 2010 2:41:25 PM
AMERICAN GREEN GROUP INC NEW COMMON (NASDAQ:AMNE)
Strong Downtrend
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, AMNE scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Friday
-20 Last Price Below 20 Day Moving Average
-25 New 3 Week Low, Week Ending May 8th
-30 New 3 Month Low in May
-100 Total Score
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