Sep 06, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for SmartHeat (NASDAQ:HEAT) on August 09, 2011 at $0.99. In approximately 4 weeks, SmartHeat has returned 13.7% as of today's recent price of $0.85.

In the past 52 weeks, shares of SmartHeat have traded between a low of $0.79 and a high of $8.11 and are now at $0.85, which is 8% above that low price.

SmartHeat is currently below its 50-day moving average of $1.22 and below its 200-day moving average of $3.13. 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 2.65% while the 200-day MA has slid 3.98%

Source:mspnews