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Consumer Portfolio Services Down 20.4% Since SmarTrend Downtrend Call (CPSS)May 24, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Consumer Portfolio Services (NASDAQ:CPSS) on April 12th, 2013 at $9.94. In approximately 1 month, Consumer Portfolio Services has returned 20.42% as of today's recent price of $7.91. Over the past year, Consumer Portfolio Services has traded in a range of $1.70 to $12.79 and is now at $7.91, 365% above that low. Over the past week, the 200-day moving average (MA) has gone up 2.1% while the 50-day MA has declined 0.7%. Consumer Portfolio Services, Inc. purchases, sells, and services retail automobile installment sales contracts originated by dealers in the sale of new and used automobiles. The Company provides indirect financing for franchised dealers, allowing sales to customers who otherwise might not be able to obtain financing from more traditional sources of financing. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Consumer Portfolio Services. Log in and add Consumer Portfolio Services (CPSS) 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 [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 |