SmarTrend identified a Downtrend for Radio One (NASDAQ:ROIAK) on May 27, 2011 at $2.37. In approximately 2 months, Radio One has returned 33.3% as of today’s recent price of $1.58.
In the past 52 weeks, shares of Radio One have traded between a low of $0.55 and a high of $3.04 and are now at $1.58, which is 187% above that low price.
Radio One is currently below its 50-day moving average of $2.06 and below its 200-day moving average of $1.68. 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 4.29% while the 200-day MA has risen 0.9%.