TMCnet News
Ditech Networks Upward Momentum Looks to Continue (DITC)Jan 05, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Ditech Networks (NASDAQ:DITC) on September 17, 2010 at $1.24. In approximately 4 months, Ditech Networks has returned 13.8% as of today's recent price of $1.41. In the past 52 weeks, shares of Ditech Networks have traded between a low of $0.91 and a high of $1.80 and are now at $1.41, which is 54% above that low price. Ditech Networks is currently above its 200-day moving average of $1.36 and should find resistance at its 50-day moving average of $1.41. Look for these moving averages to climb to confirm the company's upward momentum. In the last five trading sessions, the 50-day MA has fallen 0.18% while the 200-day MA has remained constant. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ditech Networks shares. 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 |