FLIR Systems: The Trend Continues Lower (FLIR)

SmarTrend identified a Downtrend for FLIR Systems FLIR on January 19, 2010 at $31.20. In approximately 3 weeks, FLIR Systems has returned 6.5% as of today's recent price of $29.17.

FLIR Systems is currently below its 50-day moving average of $30.80 and should find support at its 200-day moving average of $26.32. 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 FLIR Systems.

Write to Chip Brian at cbrian@tradethetrend.com

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