Shares of Logitech International Rise to a New 52-Week High
Logitech International (NASDAQ:LOGI) traded today at a new 52-week high of $22.53. Approximately 77,000 shares have changed hands today, as compared to an average 30-day volume of 550,000 shares.
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.
Logitech International (NASDAQ:LOGI) defies analysts with a current price ($22.43) 25.1% above its average consensus price target of $16.79. Logitech International shares have support at the 50-day moving average (MA) of $15.88 and additional support at the 200-day MA of $14.74.
In the past 52 weeks, shares of Logitech International have traded between a low of $12.52 and a high of $22.53 and are now at $22.43, which is 79% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.
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 42.6%. 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