ZA:VISTA GOLD DOWN 8.0% SINCE SMARTREND DOWNTREND CALL (VGZ)
Jun 23, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Vista Gold (AMEX:VGZ) on May 04, 2011 at $3.00. In approximately 2 months, Vista Gold has returned 8% as of today's recent price of $2.76.
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 $2.76, which is 112% above that low price.
Vista Gold is currently below its 50-day moving average of $3.02 and below its 200-day moving average of $2.93. 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 2.28% while the 200-day MA has risen 0.2%.
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.
