Zion Oil & Gas Trades at a New 52-Week Record Low (ZN)

Shares of Zion Oil & Gas (NASDAQ:ZN) traded at a new 52-week low Friday of $4.91. Approximately 1.2 million shares have traded hands Friday vs. average 30-day volume of 120,000 shares.

Zion Oil & Gas closed at $4.93, approximately 10.9% below its 50-day moving average of $5.54. SmarTrend will be monitoring shares of ZN to see if this bearish momentum will continue.(via : mysmartrend.com)

Watching money flows can provide traders with a glimpse into investor sentiment. When money flows are positive---more money is flowing in on uptick trades than is on downtick trades---it shows traders are confident the stock price is going to continue rising. When money flows are negative---more money is flowing in on downtick trades than is on uptick trades---it shows traders are confident the stock price is going to continue falling.