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Tuesday, November 03, 2009

Rockwell Medical Technologies (RMTI) Bearish Technical Alert - Trend Down 8.9%

Comtex

Nov 03, 2009 (SmarTrend(R) Spotlight via COMTEX) ----Rockwell Medical Technologies (NASDAQ:RMTI) is trading 1.8% lower (down $0.12 to $6.55) today on volume of 86,096 shares. The stock has traded within a 52-week range of $1.06 and $9.39.

Rockwell Medical Technologies is currently below its 50-day moving average of $7.97 and should find support at its 200-day moving average of $6.16.

SmarTrend is bearish on shares of RMTI and our subscribers received a Downtrend alert on October 22, 2009 at $7.19, which has returned 8.9% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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Copyright, Comtex News Network, Inc. 2009

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