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After Yesterday's Decline of 1.25%, Logitech International Offers Investors Better Value

By David Diaz

Logitech International (NASDAQ:LOGI) traded in a range yesterday that spanned from a low of $30.83 to a high of $31.10. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $30.87 on volume of 444,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 99.0%. We continue to monitor LOGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Logitech International share prices have moved between a 52-week high of $32.17 and a 52-week low of $12.52 and are now trading 147% above that low price at $30.91 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders logitech international

Ticker(s): LOGI