Daily Stock Setups

Varian Semiconductor Equipment: The Trend Continues Down (VSEA)

Posted on: Wed, 03 Feb 2010 14:08:12 EST

Symbols: VSEA

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Feb 03, 2010 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Varian Semiconductor Equipment (NASDAQ: VSEA | Quote | Chart | News | PowerRating) on January 22, 2010 at $31.98. In approximately 2 weeks, Varian Semiconductor Equipment has returned 7.3% as of today's recent price of $29.63.

Varian Semiconductor Equipment is currently below its 50-day moving average of $33.51 and should find support at its 200-day moving average of $29.62. 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 Varian Semiconductor Equipment.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Varian Semiconductor Equipment Associates Inc (VSEA) VSEA. Varian Semiconductor Equipment Associates Inc (VSEA) has Short Term PowerRatings at TradingMarkets. Details on Varian Semiconductor Equipment Associates Inc (VSEA) Short Term PowerRatings is available at This Link.

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