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Bearish Moving Average Cross by Sigma Designs (SIGM)

By James Quinn

Sigma Designs (NASDAQ:SIGM) crossed under its 10-day moving average of $7.27 on a volume of 594K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Sigma Designs has traded in a range of $5.41 to $12.83 and is now at $7.11, 31% above that low. The 200-day and 50-day moving averages have moved 1.25% lower and 0.27% lower over the past week, respectively.

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

Keywords: moving crosses sigma designs

Ticker(s): SIGM