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Shares of MAG Down 21.7% Since Downtrend Call on SharesDec 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Magnetek (NYSE:MAG) on August 8th, 2012 at $13.43. In approximately 5 months, Magnetek has returned 21.71% as of today's recent price of $10.51. In the past 52 weeks, Magnetek share prices have been bracketed by a low of $8.30 and a high of $19.72 and are now at $10.51, 27% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%. Magnetek, Inc. develops, manufactures, and markets digital power and motion control systems for material handling, people-moving, alternative energy, mining, and communications applications. The Company's products include power controls and motion controls that are sold to original equipment manufacturers, system integrators, and distributors. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Magnetek. Log in and add Magnetek (MAG) 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 |