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TMCNet:  SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of Smithtown Bancorp (SMTB)

[March 13, 2010]

SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of Smithtown Bancorp (SMTB)

Mar 13, 2010 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Smithtown Bancorp (NASDAQ:SMTB) on January 12, 2010 at $5.25. In approximately 2 months, Smithtown Bancorp has returned 13.3% as of today's recent price of $4.55.

Smithtown Bancorp is currently below its 50-day moving average of $4.97 and below its 200-day moving average of $9.56. 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 Smithtown Bancorp.

Write to Chip Brian at cbrian@tradethetrend.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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