Logitech International: The Winning Streak Continues (LOGI)
Shares of Logitech International (NASDAQ:LOGI) traded at a new 52-week high today of $23.22. This new high was reached on below average trading volume as 154,000 shares traded hands, while the average 30-day volume is approximately 550,000 shares.
In the past 52 weeks, shares of Logitech International have traded between a low of $12.52 and a high of $23.22 and are now at $23.18, which is 85% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.
Logitech International S.A. manufactures personal computer input devices. The Company produces computer mice which help the user move the cursor around the computer screen quickly, trackballs, game controllers, keyboards, PC video cameras, and multimedia speakers. The Company sells its products worldwide.
Logitech International (NASDAQ:LOGI) defies analysts with a current price ($23.18) 27.6% above its average consensus price target of $16.79. The stock should find initial support at its 50-day moving average (MA) of $15.88 and further support at its 200-day MA of $14.74.
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 42.7%. We continue to monitor LOGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows logitech international