“SmarTrend identified a Downtrend for Town Sports International on November 04, 2009 at $2.71. In approximately 2 months, Town Sports International has returned 17% as of today's recent price of $2.25. Town Sports International is currently below its 50-day moving average of $2.37 and below its 200-day moving average of $3.04. Look for these moving averages to decline to confirm the company's downward momentum.”
http://www.tradingmarkets.com/news/stock-alert/club_town-sports-international-downward-momentum-looks-to-continue-club--708138.html
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