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Downtrend Call Working As Ceva Inc Stock Falls 20.3% (CEVA)

By Amy Schwartz

SmarTrend identified a Downtrend for Ceva Inc (NASDAQ:CEVA) on March 23rd, 2018 at $36.83. In approximately 8 months, Ceva Inc has returned 20.30% as of today's recent price of $29.35.

In the past 52 weeks, shares of Ceva Inc have traded between a low of $23.01 and a high of $51.80 and are now at $29.35, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 1.1%.

CEVA, Inc. licenses DSP-based platforms applications to the semiconductor industry. The Company markets IPs for vision, audio, communications, and connectivity. CEVA serves a range of end markets, including mobile, consumer, automotive, and industrial.

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

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

Keywords: spotlights ceva inc

Ticker(s): CEVA