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National Cinemed: The Losing Streak Continues (NCMI)

By James Quinn

National Cinemed (NASDAQ:NCMI) traded at a new 52-week low today of $5.09. Approximately 96,000 shares have changed hands today, as compared to an average 30-day volume of 214,000 shares.

In the past 52 weeks, shares of National Cinemed have traded between the current low of $5.09 and a high of $16.10 and are now at $5.15. The 200-day and 50-day moving averages have moved 0.2% lower and 0.47% lower over the past week, respectively.

National Cinemed (NASDAQ:NCMI) has potential upside of 62.6% based on a current price of $5.15 and analysts' consensus price target of $8.38. National Cinemed shares should first meet resistance at the 200-day moving average (MA) of $14.60 and find additional resistance at the 50-day MA of $14.61.

National CineMedia, Inc. operates a digital in-theaters network in North America. The Company provides advertising, CineMeetings, and digital programming events through its network of theaters.

SmarTrend recommended that its subscribers protect gains by selling shares of National Cinemed on March 13th, 2018 by issuing a Downtrend alert when the shares were trading at $6.22. Since that call, shares of National Cinemed have fallen 15.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows national cinemed

Ticker(s): NCMI