Smart Grid

TMCNet:  Shares of ACFN Down 16.7% Since Downtrend Call on Shares

[February 01, 2013]

Shares of ACFN Down 16.7% Since Downtrend Call on Shares

Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Acorn Energy (NASDAQ:ACFN) on October 2nd, 2012 at $8.83. In approximately 4 months, Acorn Energy has returned 16.66% as of today's recent price of $7.36.
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Acorn Energy share prices have moved between a 52-week high of $13.20 and a 52-week low of $6.31 and are now trading 17% above that low price at $7.36 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.8%.

Acorn Energy Inc. through its subsidiaries, provides clean energy solutions. The Company's solutions include clean capacity, catalyst regeneration technologies, remote monitoring of the electric grid, underwater security systems for coastal energy infrastructure, and renewable power solutions.

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

Log in and add Acorn Energy (ACFN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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