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Downtrend Call Realized As Safeway Stock Falls 15.3% (SWY)Sep 16, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Safeway (NYSE:SWY) on July 22, 2011 at $21.19. In approximately 2 months, Safeway has returned 15.3% as of today's recent price of $17.95. In the past 52 weeks, shares of Safeway have traded between a low of $16.51 and a high of $25.43 and are now at $17.95, which is 9% above that low price. Safeway is currently below its 50-day moving average of $19.53 and below its 200-day moving average of $21.88. 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 2.13% while the 200-day MA has slid 0.43%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Safeway. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup |