Daily Stock Setups

Hot Topic (HOTT) Downgrade Alert, Watch for 2.1% Technical Downtrend Continuation

Posted on: Thu, 19 Nov 2009 10:14:00 EST

Symbols: HOTT

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Nov 19, 2009 (SmarTrend(R) Spotlight via COMTEX) --
HOTT | Quote | Chart | News | PowerRating -- Hot Topic (NASDAQ:HOTT) downgraded to Sell from Hold, $5 target, at Citigroup. The stock closed yesterday at $6.67 on volume of 1,125,383 shares, above average daily volume of 1,047,220.

HOT Topic is currently below its 50-day moving average of $7.58 and below its 200-day moving average of $8.49.

SmarTrend is bearish on shares of HOTT and our subscribers received a Downtrend alert on November 06, 2009 at $6.82, which has returned 2.1% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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