SMM (technical)

SMM: Trading Central notes the stock has reversed down following the down side breakout of its 50 day MA. The short term moving average is also turning down and has just crossed below the medium term one, which suggests a strong negative signal. Further more, the RSI is clearly bearish and calls for a new decline. As long as $4.40 is not surpassed, look for a new pullback to $4 and $3.80 in extension.