Smart Balance (SMBL)
"Smart Balance Inc. is committed to providing superior tasting heart healthier alternatives in every category it enters by avoiding trans fats naturally, balancing fats and/or reducing saturated fats, total fat and cholesterol. The company's products include Smart Balance® Buttery Spreads, Milk, Butter Blend Sticks, Cream Cheese, Peanut Butter, Microwave Popcorn, Cooking Oil, Mayonnaise, Non-Stick Cooking Spray and Cheese. Smart Balance Inc. is one of the five fastest growing food companies in the United States, according to Nielsen sales figures." (company website)
SMBL 4-month chart
SMBL 1-year chart
8 June 2009. Smart Balance made a double bottom in late 2008 and has been trending upward since. In early May it surpassed the peak made in January, and both 50- and 200-day moving averages are now rising.
- Percentage price oscillator (PPO) — sharply turned upward last week and is just shy of crossing above the signal line
- Volume — stable volumes; recent jump in PPO was on solid volume (2x)
Based on technical analysis, MarketEdge does not follow SMBL.
16 June 2009. I was stopped out of my position when the loss grew to 8%.
Although SMBL was down most of the session, it plummeted just before 1pm Eastern time. That was just low enough to trigger my sell order.
I don't regret taking a position in SMBL. What I did do was over-estimate how far momentum would carry it before it began to dip again. I had expected it would stretch out the upper Bollinger band for at least a few days; that didn't happen. Now it's retreating back to at least the 50-day moving average.