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Shares of DSP Group Rise to a New 52-Week High

By David Diaz

Shares of DSP Group (NASDAQ:DSPG) traded today at $14.20, breaking its 52-week high. Approximately 154,000 shares have changed hands today, as compared to an average 30-day volume of 47,000 shares.

DSP Group (NASDAQ:DSPG) defies analysts with a current price ($12.75) 2.6% above its average consensus price target of $12.42. DSP Group shares have support at the 200-day moving average (MA) of $9.19 and additional support at the 50-day MA of $8.98.

DSP Group, Inc. is a semiconductor fabless company that develops and markets digital signal processing (DSP) cores and integrated solutions for the consumer and computer telephony markets. The Company combines digital signal processing, speech processing algorithms, and telephony algorithms to provide a variety of application-specific DSPs.

In the past 52 weeks, shares of DSP Group have traded between a low of $7.89 and a high of $14.20 and are now at $12.75, which is 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

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

Keywords: 52 week high/lows dsp group

Ticker(s): DSPG