Daily Stock Setups

SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of SurModics (SRDX)

Posted on: Thu, 04 Feb 2010 06:48:14 EST

Symbols: SRDX

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Feb 04, 2010 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for SurModics (NASDAQ: SRDX | Quote | Chart | News | PowerRating) on November 02, 2009 at $25.42. In approximately 3 months, SurModics has returned 21.2% as of today's recent price of $20.02.

SurModics is currently below its 50-day moving average of $22.38 and below its 200-day moving average of $22.77. 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 SurModics.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Surmodics Inc (SRDX) SRDX. Surmodics Inc (SRDX) has Short Term PowerRatings at TradingMarkets. Details on Surmodics Inc (SRDX) Short Term PowerRatings is available at This Link.

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