Aug 26, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for AgFeed Industries (NASDAQ:FEED) on August 03, 2011 at $1.27. In approximately 3 weeks, AgFeed Industries has returned 20.8% as of today's recent price of $1.01.

In the past 52 weeks, shares of AgFeed Industries have traded between a low of $0.95 and a high of $3.44 and are now at $1.01, which is 6% above that low price.

AgFeed Industries is currently below its 50-day moving average of $1.27 and below its 200-day moving average of $1.88. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 0.36% while the 200-day MA has slid 2.27%.

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