Powered by TMCnet
 
| More

TMCNet:  Sigma Designs Shares Down 11.5% Since SmarTrend's Sell Call (SIGM)

[December 10, 2012]

Sigma Designs Shares Down 11.5% Since SmarTrend's Sell Call (SIGM)

Dec 10, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Sigma Designs (NASDAQ:SIGM) on September 6th, 2012 at $6.07. In approximately 3 months, Sigma Designs has returned 11.46% as of today's recent price of $5.37.

In the past 52 weeks, Sigma Designs share prices have been bracketed by a low of $4.65 and a high of $7.20 and are now at $5.37, 15% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

Sigma Designs, Inc. designs, manufactures, and markets high-performance, System-on-a-Chip (SoC) semiconductors. The Company serves markets that include IPTV Set-top Boxes, Blu-ray players, HDTV's, digital media players, and ultra-wideband connectivity markets.

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

Log in and add Sigma Designs (SIGM) 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

[ Cable Spotlight's Homepage ]