[June 01, 2012] Iconix Brand Shares Down 18.5% Since SmarTrend's Sell Call (ICON) Tweet Jun 01, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Iconix Brand (NASDAQ:ICON) on February 27th, 2012 at $18.33. In approximately 3 months, Iconix Brand has returned 18.49% as of today's recent price of $14.94. Iconix Brand share prices have moved between a 52-week high of $26.05 and a 52-week low of $14.27 and are now trading 5% above that low price at $14.94 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%. Iconix Brand Group, Inc. manages brands. The Company licenses its brand names to retailers and manufacturers throughout the world. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Iconix Brand. Log in and add Iconix Brand (ICON) 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 [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]