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15.6% Return Seen to Date on SmarTrend Magna International Call (MGA)
[July 24, 2012]

15.6% Return Seen to Date on SmarTrend Magna International Call (MGA)


Jul 24, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Magna International (NYSE:MGA) on April 16th, 2012 at $44.57. In approximately 3 months, Magna International has returned 15.63% as of today's recent price of $37.60.



Magna International share prices have moved between a 52-week high of $51.99 and a 52-week low of $30.03 and are now trading 25% above that low price at $37.60 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.2%.

Magna International Inc. designs, develops, and manufactures automotive systems, assemblies and components, and engineers and assembles complete vehicles. The Company sells its products primarily to original equipment manufacturers.


SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Magna International.

Log in and add Magna International (MGA) 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

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