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Downtrend Call Working As Sigma Designs Stock Falls 49.1% (SIGM)
Feb 13, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Sigma Designs (NASDAQ:SIGM) on May 24th, 2011 at $11.39. In approximately 9 months, Sigma Designs has returned 49.06% as of today's recent price of $5.80.
In the past 52 weeks, shares of Sigma Designs have traded between a low of $5.54 and a high of $14.73 and are now at $5.80, which is 5% above that low price. The 200-day and 50-day moving averages have moved 2.04% lower and 1.47% lower over the past week, respectively.
Sigma Designs, Inc. designs, manufactures, and markets high-performance, System-on-a-Chip (SoC) semiconductors. The Company serves markets that include IPTV Set-top Boxes, Blu-ray players, HDTV's, digital media players, and ultra-wideband connectivity markets.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Sigma Designs.
Log in and add Sigma Designs (SIGM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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