Von Amanda Smith
SmarTrend identified a Downtrend for Discovery Laboratories (NASDAQ:DSCO) on January 21, 2011 at $3.17. In approximately 3 months since that trend was identified, Discovery Laboratories has fallen 43.3% as of Thursday's closing price of $1.80.
In the past 52 weeks, shares of Discovery Laboratories have traded between a low of $1.71 and a high of $9.30 and are now at $1.80, which is 5% above that low price.
Discovery Laboratories is currently below its 50-day moving average of $2.26 and below its 200-day moving average of $3.07. 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 3.22% while the 200-day MA has slid 0.84%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Discovery Laboratories
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