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Apr 25, 2011 (SmarTrend(R) Spotlight via COMTEX) — SmarTrend identified a Downtrend for Solitario Exploration & Royalty (AMEX:XPL) on April 11, 2011 at $3.30. In approximately 2 weeks, Solitario Exploration & Royalty has returned 10.3% as of today’s recent price of $2.96.


In the past 52 weeks, shares of Solitario Exploration & Royalty have traded between a low of $1.71 and a high of $4.42 and are now at $2.96, which is 73% above that low price.


Solitario Exploration & Royalty is currently below its 50-day moving average of $3.57 and should find support at its 200-day moving average of $2.77. Look for these moving averages to decline to confirm the company’s downward momentum.


In the last five trading sessions, the 50-day MA has fallen 0.95% while the 200-day MA has risen 0.62%.


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


Write to Chip Brian at [email protected]

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.