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Sigma Designs Down 47.9% Since SmarTrend Downtrend Call (SIGM)
Jan 27, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Sigma Designs (NASDAQ:SIGM) on May 24th, 2011 at $11.39. In approximately 8 months, Sigma Designs has returned 47.91% as of today's recent price of $5.93.
Sigma Designs share prices have moved between a 52-week high of $14.73 and a 52-week low of $5.54 and are now trading 7% above that low price at $5.93 per share. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 2.8%.
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
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