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SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of Republic First Bancorp (FRBK)Jun 19, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Republic First Bancorp (NASDAQ:FRBK) on February 03, 2010 at $4.38. In approximately 5 months, Republic First Bancorp has returned 45.7% as of today's recent price of $2.38. Republic First Bancorp is currently below its 50-day moving average of $3.39 and below its 200-day moving average of $4.19. 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 Republic First Bancorp. 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 |