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Applied Optoelec Down 34.4% Since SmarTrend Downtrend Call (AAOI)

By James Quinn

SmarTrend identified a Downtrend for Applied Optoelec (NASDAQ:AAOI) on February 22nd, 2019 at $14.20. In approximately 6 months, Applied Optoelec has returned 34.41% as of today's recent price of $9.31.

Applied Optoelec share prices have moved between a 52-week high of $43.95 and a 52-week low of $8.56 and are now trading 9% above that low price at $9.35 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 1.3%.

Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Applied Optoelec.

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

Keywords: spotlights applied optoelec

Ticker(s): AAOI