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Ambarella Inc: New 52-Week Low Set Today (AMBA)

By Nick Russo

Ambarella Inc (NASDAQ:AMBA) traded at a new 52-week low today of $31.61. So far today approximately 106,000 shares have been exchanged, as compared to an average 30-day volume of 1.2 million shares.

In the past 52 weeks, Ambarella Inc share prices have been bracketed by a current low of $31.61 and a high of $66.23 and are now at $31.64. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.8%.

Ambarella, Inc. manufactures high definition video compression and image processing semiconductors. The Company products are used in digital still cameras, camcorders, and video-enabled mobile phones.

Ambarella Inc has overhead space with shares priced $31.64, or 41.3% below the average consensus analyst price target of $53.93. Ambarella Inc shares should first meet resistance at the 50-day moving average (MA) of $38.16 and find additional resistance at the 200-day MA of $45.79.

SmarTrend is tracking the current trend status for Ambarella Inc and will alert subscribers who have AMBA in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows ambarella inc

Ticker(s): AMBA