AgFeed Industries Inc. (fka FEEDQ)

[noahsplay]

News for 'FEED' - (Shares of FEED Down 50.6% Since Downtrend Call on Shares)


Sep 29, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a
Downtrend for AgFeed Industries (NASDAQ:FEED) on August 03, 2011 at $1.27. In
approximately 2 months since that trend was identified, AgFeed In! dustries has
fallen 50.6% as of Thursday's closing price of $0.63.

In the past 52 weeks, shares of AgFeed Industries have traded between a low of
$0.66 and a high of $3.44 and are now at $0.63, which is -5% above that low
price.

AgFeed Industries is currently below its 50-day moving average of $1.09 and
below its 200-day moving average of $1.69. Look for these moving averages to
decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 4.41% while the
200-day MA has slid 1.59%.

SmarTrend will continue to scan these moving averages and a number of other
proprietary indicators for any changes in momentum for shares of AgFeed
Industries.

Write to Chip Brian at [e-mail]


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Copyright, Comtex News Network, Inc. 2011

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