NMT Medical Inc.(fka NMTI)

[califax]

SmarTrend's Trend Spotter See Continued Upward Momentum on Shares of NMT Medical (NMTI)

Written on Mon, 01/03/2011 - 10:03am
By Chip Brian
http://www.mysmartrend.com/news-briefs/technical-analysis/smartrends-trend-spotter-see-continued-upward-momentum-shares-nmt-med

SmarTrend is monitoring the recent change of momentum in NMT Medical. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NMT Medical in search of a potential trend change.
In the past 52 weeks, shares of NMT Medical have traded between a low of $0.20 and a high of $4.99 and are now at $0.42, which is 109% above that low price.
NMT Medical is currently above its 50-day moving average of $0.28 and should find resistance at its 200-day moving average of $1.43. Look for these moving averages to climb to confirm the company's upward momentum.
In the last five trading sessions, the 50-day MA has fallen 0.56% while the 200-day MA has slid 5.21%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of NMT Medical shares.