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SmarTrend Detects Continued Selling Pressure in Shares of Zion Oil & Gas (ZN)Apr 20, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Zion Oil & Gas (NASDAQ:ZN) on April 07, 2010 at $5.83. In approximately 2 weeks, Zion Oil & Gas has returned 6.7% as of today's recent price of $5.44. Zion Oil & Gas is currently below its 50-day moving average of $5.99 and below its 200-day moving average of $7.74. Look for these moving averages to decline to confirm the company's downward momentum. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Zion Oil & Gas. 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 |