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Tuesday, November 03, 2009

AgFeed Industries (FEED) Bearish Technical Alert - Trend Down 4%

Comtex

Nov 03, 2009 (SmarTrend(R) Spotlight via COMTEX) ----AgFeed Industries (NASDAQ:FEED) is trading 0.9% lower (down $0.04 to $4.31) today on volume of 278,857 shares. The stock has traded within a 52-week range of $0.90 and $7.96.

AgFeed Industries is currently below its 50-day moving average of $5.23 and should find support at its 200-day moving average of $4.21.

SmarTrend is bearish on shares of FEED and our subscribers received a Downtrend alert on October 29, 2009 at $4.49, which has returned 4% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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Copyright, Comtex News Network, Inc. 2009

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