Written on Wed, 05/26/2010 - 6:40am By Chip Brian SmarTrend identified a Downtrend for XOMA (NASDAQ:XOMA) on May 20, 2010 at $0.52. In approximately 1 week, XOMA has returned 5.6% as of today's recent price of $0.49. XOMA is currently below its 50-day moving average of $0.62 and below its 200-day moving average of $0.69. 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 XOMA.
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