SmarTrend identified a Downtrend for Raser Technologies (NYSE:RZ) on June 30, 2009 at $2.90. In approximately 7 months, Raser Technologies has returned 54.5% as of today's recent price of $1.32.

Raser Technologies is currently below its 200-day moving average of $2.42 and should find support at its 50-day moving average of $1.18. 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 Raser Technologies.

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