Apr 25, 2011 (SmarTrend(R) Spotlight via COMTEX) — SmarTrend identified a Downtrend for Solitario Exploration & Royalty (AMEX:XPL) on April 11, 2011 at $3.30. In approximately 2 weeks, Solitario Exploration & Royalty has returned 10.3% as of today’s recent price of $2.96.
In the past 52 weeks, shares of Solitario Exploration & Royalty have traded between a low of $1.71 and a high of $4.42 and are now at $2.96, which is 73% above that low price.
Solitario Exploration & Royalty is currently below its 50-day moving average of $3.57 and should find support at its 200-day moving average of $2.77. 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 0.95% while the 200-day MA has risen 0.62%.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Solitario Exploration & Royalty.
Write to Chip Brian at [email protected]
