• Return to Headlines

Zoran Set to Rebound after Yesterday's Selloff of 11.86% (ZRAN)

Written on Thu, 07/29/2010 - 1:44am
By Chip Brian

Zoran (NASDAQ:ZRAN) traded in a range yesterday that spanned from a low of $8.60 to a high of $9.02. Yesterday, the shares fell 11.86%, which took the trading range below the 3-day low of $8.73 on volume of 882,000 shares.
Shares of Zoran are currently trading below their 50-day moving average (MA) of $9.66 and below their 200-day MA of $10.41. Look for these MAs to provide resistance for a short-term rebound in the shares.
SmarTrend is bearish on shares of Zoran and our subscribers were alerted to Sell on July 07, 2010 at $8.93. The stock has fallen 3.5% since the alert was issued.
SmarTrend has the shares in a Downtrend and expects the share price to rebound toward the $8.73 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Semiconductor- Specialized industry.

Keywords: zoran trading range stock news

Ticker(s): ZRAN

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.