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Downtrend Call Working As Net 1 UEPS Technologies Stock Falls 36.0% (UEPS)

Written on Fri, 12/07/2012 - 11:12am
By Amy Schwartz

SmarTrend identified a Downtrend for Net 1 UEPS Technologies (NASDAQ:UEPS) on November 13th, 2012 at $8.27. In approximately 3 weeks, Net 1 UEPS Technologies has returned 36.00% as of today's recent price of $5.29.

Over the past year, Net 1 UEPS Technologies has traded in a range of $3.01 to $12.62 and is now at $5.29, 76% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.1%.

Net 1 UEPS Technologies, Inc. holds a non-exclusive worldwide license to the Universal Electronic Payment System (UEPS). The Company commercializes the smart card based service through alliances with banks, card services, and retail organizations.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Net 1 UEPS Technologies.

Log in and add Net 1 UEPS Technologies (UEPS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights net 1 ueps technologies

Ticker(s): UEPS

Contact Amy Schwartz



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