Aug 22, 2011 (SmarTrend(R) Market Surveillance via COMTEX) -- Shares of WuXi PharmaTech Cayman traded at a new 52-week low Friday of $12.08. Approximately 578,000 shares have traded hands Friday vs. average 30-day volume of 469,000 shares.

WuXi PharmaTech Cayman closed at $12.13, approximately 23.3% below its 50-day moving average of $15.81. SmarTrend will be monitoring shares of WX to see if this bearish momentum will continue.

In the last five trading sessions, the 50-day MA has fallen 2.08% while the 200-day MA has slid 0.4%.

In the past 52 weeks, shares of WuXi PharmaTech Cayman have traded between a low of $12.60 and a high of $19.10 and are now at $12.13, which is 64% of that high price.

SmarTrend currently has shares of WuXi PharmaTech Cayman in an Downtrend and issued the Downtrend alert on July 26, 2011 at $16.04. The stock has fallen 21% since the Downtrend alert was issued.