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14.1% Return Seen to Date on SmarTrend Mellanox Technologies Call (MLNX)
[December 25, 2012]

14.1% Return Seen to Date on SmarTrend Mellanox Technologies Call (MLNX)

Dec 25, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Mellanox Technologies (NASDAQ:MLNX) on December 3rd, 2012 at $70.43. In approximately 3 weeks, Mellanox Technologies has returned 14.05% as of today's recent price of $60.53.

In the past 52 weeks, Mellanox Technologies share prices have been bracketed by a low of $24.51 and a high of $120.05 and are now at $60.53, 147% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 3.1%.

Mellanox Technologies Ltd. designs and develops semiconductor-based, high-performance interconnect products. The Company's products facilitate data transmission between servers and storage systems through communications infrastructure equipment.


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

Log in and add Mellanox Technologies (MLNX) 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 --------------------------------------------------------------------------------------------- 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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