Watch for Continued Gains in Shares of Logitech International (LOGI)
Logitech International (NASDAQ:LOGI) traded today at a new 52-week high of $20.30. This new high was reached on below average trading volume as 118,000 shares traded hands, while the average 30-day volume is approximately 550,000 shares.
In the past 52 weeks, Logitech International share prices have been bracketed by a low of $12.52 and a high of $20.30 and are now at $20.28, 62% above that low price. The 200-day and 50-day moving averages have moved 0.18% higher and 0.13% higher over the past week, respectively.
Based on a current price of $20.28, Logitech International is currently 17.2% above its average consensus analyst 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 27.6%. 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