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25.7% Return Seen to Date on SmarTrend Ambarella Inc Call (AMBA)

By Shiri Gupta

SmarTrend identified an Uptrend for Ambarella Inc (NASDAQ:AMBA) on January 28th, 2019 at $38.15. In approximately 3 months, Ambarella Inc has returned 25.65% as of today's recent price of $47.93.

Ambarella Inc share prices have moved between a 52-week high of $55.50 and a 52-week low of $30.00 and are now trading 60% above that low price at $47.93 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has risen 0.2%.

Ambarella, Inc. manufactures high definition video compression and image processing semiconductors. The Company products are used in digital still cameras, camcorders, and video-enabled mobile phones.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Ambarella Inc shares.

Log in and add Ambarella Inc (AMBA) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights ambarella inc

Ticker(s): AMBA