Shares of Logitech International Rise to a New 52-Week High
Shares of Logitech International (NASDAQ:LOGI) traded at a new 52-week high today of $16.88. This new high was reached on below average trading volume as 89,000 shares traded hands, while the average 30-day volume is approximately 550,000 shares.
Logitech International share prices have moved between a 52-week high of $16.88 and a 52-week low of $12.52 and are now trading 34% above that low price at $16.83 per share. The 200-day and 50-day moving averages have moved 0.18% higher and 0.13% higher over the past week, respectively.
Logitech International (NASDAQ:LOGI) defies analysts with a current price ($16.83) 0.2% above its average consensus price target of $16.79. The stock should discover initial support at its 50-day moving average (MA) of $15.88 and subsequent support at its 200-day MA of $14.74.
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.
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 5.8%. 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