Logitech International Crosses Above its 10-day MA (LOGI)
Today, shares of Logitech International (NASDAQ:LOGI) have crossed bullishly above their 10-day moving average of $21.53 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Logitech International share prices have moved between a 52-week high of $22.42 and a 52-week low of $12.52 and are now trading 75% above that low price at $21.92 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Logitech International on June 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.74. Since that recommendation, shares of Logitech International have risen 35.9%. We continue to monitor LOGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses logitech international