Smart Balance, Inc. (NASDAQ: SMBL)

Smart Balance, Inc., a consumer food products company, engages in the marketing of functional food products primarily in the United States and Canada. It provides buttery spreads, sticks and sprays, fat-free milk, 1% lowfat milk, lactose-free milk, peanut butter products, cooking oil and cooking sprays, light mayonnaise dressing, microwave popcorns, and various recipes under the Smart Balance name. The company also offers various buttery spreads, sticks, soymilks, nut butters, and vegan mayo dressings under the Earth Balance name; and spread products under the Bestlife name. In addition, it manufactures and markets a range of shelf stable and frozen gluten-free products, including snack foods, frozen baked goods, frozen entrees, and baking mixes under the Glutino and Gluten-Free Pantry brands; and various fresh breads under the Genius brand name. The company markets its products through supermarket chains and food wholesalers, sales representatives, and independent food and beverage distributors.

To analyze Smart's stock for potential trading opportunities, please take a look at the 1-year chart of SMBL (Smart Balance, Inc.) below with my added notations:

SMBL had an amazing run-up from May until it's peak in October. The stock went from a low of $5 to an ultimate high of $13 for a total of a 160% gain. Unfortunately, it appears that run may be over. The stock created a key level at $11 that was resistance (red) in July and support (green) thereafter. After breaking the $11 support, the stock has already retested that level as resistance last week.