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National Cinemed: The Losing Streak Continues (NCMI)

By Nick Russo

Shares of National Cinemed (NASDAQ:NCMI) traded today at $5.73, breaking its 52-week low. This new low was reached on approximately average trading volume as 164,000 shares traded hands, while the average 30-day volume is approximately 214,000 shares.

National Cinemed share prices have moved between a 52-week high of $16.10 and the current low of $5.73 and are currently at $5.75 per share. The 200-day and 50-day moving averages have moved 0.2% lower and 0.47% lower over the past week, respectively.

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.

There is potential upside of 105.2% for shares of National Cinemed based on a current price of $5.75 and an average consensus analyst price target of $11.80. The stock should find initial resistance at its 200-day moving average (MA) of $14.60 and further resistance at its 50-day MA of $14.61.

SmarTrend recommended that its subscribers protect gains by selling shares of National Cinemed on January 30th, 2017 by issuing a Downtrend alert when the shares were trading at $14.42. Since that call, shares of National Cinemed have fallen 59.8%. 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