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Logmein Inc Crosses Below its 10-day MA (LOGM)

By Shiri Gupta

Today, shares of Logmein Inc (NASDAQ:LOGM) have crossed bearishly below their 10-day moving average of $82.62 on a volume of 580K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Logmein Inc share prices have been bracketed by a low of $74.87 and a high of $123.00 and are now at $77.00, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.6%.

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

Keywords: moving crosses logmein inc

Ticker(s): LOGM