Aug 18, 2011

SmarTrend identified a Downtrend for AsiaInfo Holdings (NASDAQ:ASIA - Snapshot Report) on July 14, 2011 at $14.25. In approximately 1 month, AsiaInfo Holdings has returned 37.4% as of today's recent price of $8.93.

In the past 52 weeks, shares of AsiaInfo Holdings have traded between a low of $9.26 and a high of $24.50 and are now at $8.93, which is -4% above that low price.

AsiaInfo Holdings is currently below its 50-day moving average of $14.47 and below its 200-day moving average of $17.91. 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 2.02% while the 200-day MA has slid 0.99%.

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

Write to Chip Brian at cbrian@mysmartrend.com

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Source:zacks