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Ascent Media Shares Down 29.2% Since SmarTrend's Sell Call (ASCMA)

By James Quinn

SmarTrend identified a Downtrend for Ascent Media (NASDAQ:ASCMA) on September 12th, 2016 at $21.29. In approximately 6 months, Ascent Media has returned 29.22% as of today's recent price of $15.07.

Over the past year, Ascent Media has traded in a range of $7.77 to $44.17 and is now at $15.07, 94% above that low. The 200-day and 50-day moving averages have moved 2.44% lower and 1.92% higher over the past week, respectively.

Ascent is a holding company and owns 100 percent of its operating subsidiaries, including Monitronics, one of the nation's largest, fastest-growing home security alarm monitoring companies, headquartered in Dallas, TX, and certain former subsidiaries of Ascent Media Group, LLC.

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

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

Keywords: spotlights ascent media

Ticker(s): ASCMA