Downtrend Call Working As Cirrus Logic Stock Falls 22.2% (CRUS)
SmarTrend identified a Downtrend for Cirrus Logic (NASDAQ:CRUS) on September 26th, 2012 at $37.96. In approximately 3 months, Cirrus Logic has returned 22.20% as of today's recent price of $29.53.
In the past 52 weeks, shares of Cirrus Logic have traded between a low of $15.69 and a high of $45.49 and are now at $29.53, which is 88% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 2.1% lower over the past week, respectively.
Cirrus Logic, Inc. designs and manufactures integrated circuits that employ precision linear and advanced mixed-signal processing technologies. The Company's products enable system-level applications in mass storage, audio, and precision data conversion. Cirrus serves a broad customer base in the mass storage, industrial, and audio markets.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cirrus Logic.
Log in and add Cirrus Logic (CRUS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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