Last night, Scotts Miracle-Gro Co (NYSE:SMG), reported earnings that are not being well received by investors. Today, SMG stock is trading lower by 3.64 percent to $76.54 a share. This stock has been steadily declining the start of the year. It is now in a confirmed downtrend and trading below its 200 and 50-day moving averages. I like the $70.00 area for major support. This level is where the stock broke out in July 2016. Often, prior breakout level will be defended by the institutional crowd when retested.