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TMCNet:  Downtrend Call Working As Scholastic Stock Falls 11.5% (SCHL)

[November 28, 2012]

Downtrend Call Working As Scholastic Stock Falls 11.5% (SCHL)

Nov 28, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Scholastic (NASDAQ:SCHL) on November 13th, 2012 at $30.68. In approximately 2 weeks, Scholastic has returned 11.46% as of today's recent price of $27.16.


Scholastic share prices have moved between a 52-week high of $40.17 and a 52-week low of $24.60 and are now trading 9% above that low price at $26.86 per share. The 200-day and 50-day moving averages have moved 0.21% lower and 1.17% lower over the past week, respectively.

Scholastic Corporation is a global children's publishing, education, and media company that produces and distributes educational materials for use in school and at home. The Company provides children's books, textbooks, magazines, technology-based products, teacher materials, television programming, videos, and toys. Scholastic operates throughout the world.

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

Log in and add Scholastic (SCHL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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