Sep 15, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for China Natural Gas (NASDAQ:CHNG - Snapshot Report) on July 25, 2011 at $3.01. In approximately 2 months, China Natural Gas has returned 31.9% as of today's recent price of $2.05.

In the past 52 weeks, shares of China Natural Gas have traded between a low of $2.21 and a high of $7.13 and are now at $2.05, which is -7% above that low price.

China Natural Gas is currently below its 50-day moving average of $2.83 and below its 200-day moving average of $4.44. 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 3.1% while the 200-day MA has slid 1%.

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

Source:zacks