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Possible Trend Reversal, Sigma Designs Down on Heavy Volume (SIGM)

By James Quinn

The price of Sigma Designs shares has climbed to $6.12 (a 0.4% change) on heavy trading volume. About 290,000 shares have been traded today, as compared to the 30-day average volume of 218,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Sigma Designs and will alert subscribers who have SIGM in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Sigma Designs have traded between a low of $5.50 and a high of $7.00 and are now at $6.12, which is 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

Keywords: unusual volume sigma designs

Ticker(s): SIGM