Downtrend Call Working As Digimarc Stock Falls 23.5% (DMRC)
SmarTrend identified a Downtrend for Digimarc (NASDAQ:DMRC) on July 31st, 2012 at $24.69. In approximately 4 months, Digimarc has returned 23.48% as of today's recent price of $18.89.
In the past 52 weeks, Digimarc share prices have been bracketed by a low of $17.68 and a high of $43.82 and are now at $18.89, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1.2%.
Digimarc Corporation provides digital watermarking technologies that allow imperceptible digital code to be embedded in printed or digital versions of visual content. Content includes movies, photographic or artistic images, and valuable documents such as financial instruments, passports, and tickets.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Digimarc.
Log in and add Digimarc (DMRC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Keywords: spotlights digimarc