BA:Vista Gold Down 4.7% Since SmarTrend Downtrend Call (VGZ)
SmarTrend identified a Downtrend for Vista Gold (AMEX: VGZ) on May 04, 2011 at $3.00. In approximately 1 month, Vista Gold has returned 4.7% as of today's recent price of $2.86.
In the past 52 weeks, shares of Vista Gold have traded between a low of $1.30 and a high of $4.28 and are now at $2.86, which is 120% above that low price.
Vista Gold is currently below its 50-day moving average of $3.27 and below its 200-day moving average of $2.90. 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 2.09% while the 200-day MA has risen 0.55%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Vista Gold.
Write to Chip Brian at cbrian@mysmartrend.com
