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Shares of National Cinemed Has Fallen Below Previous 52-Week Low

By Shiri Gupta

Shares of National Cinemed (NASDAQ:NCMI) traded today at $7.10, breaking its 52-week low. This new low was reached on below average trading volume as 58,000 shares traded hands, while the average 30-day volume is approximately 214,000 shares.

National Cinemed has overhead space with shares priced $7.16, or 39.3% below the 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.

Over the past year, National Cinemedhas traded in a range of $7.10 to $16.10 and are now at $7.16. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.5%.

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 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 50.2%. 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