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downtrend |
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downtrend A situation in which a security price is moving mostly downward. Though there may or may not be a few upticks in between, this does not stop the overall bearish trend. For example, a security may be priced at $100 per share on January 1, $90 on January 10, and $85 on January 31. This indicates a downtrend, even if the security closed higher on certain days in January. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Further extension of the downtrend could force our hand on old-crop cash sales, as it could trigger an extended price decline. Harvest should continue to pick up steam, and, along with weaker export news, set the downtrend for the day with December corn closing down 5cents at $2. Perhaps USDA's June tightening of wheat and corn production and stocks, combined with a weaker dollar, will break their downtrends. |
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