Home URBAN RADIO ONE DOWN 49.4% SINCE SMARTREND DOWNTREND CALL (ROIAK)

RADIO ONE DOWN 49.4% SINCE SMARTREND DOWNTREND CALL (ROIAK)

 width=Aug 07, 2011 (SmarTrend(R) Spotlight via COMTEX) — SmarTrend identified a Downtrend for Radio (NASDAQ:ROIAKAnalyst Report) on May 27, 2011 at $2.37. In approximately 2 months, has returned 49.4% as of today’s recent price of $1.20.

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 $1.20, which is 118% above that low price.

Radio One is currently below its 50-day of $1.79 and below its 200-day of $1.71. Look for these to to confirm the company’s downward momentum.

In the last five , the 50-day has fallen 6.19% while the 200-day has risen 0.%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Radio One.

CEO of RF Focus, Radio and Music Industry Veteran. Radio DJ, Programmer, Musician and Voice Talent. Graduated from Performing Arts in Buffalo, N.Y. and worked at the legendary KKBT (92.3 The Beat) during its nationwide heyday in the early 90s. Also worked for Stevie Wonder at KJLH.