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Downtrend Call Working As Progress Softwar Stock Falls 16.9% (PRGS)

By David Diaz

SmarTrend identified a Downtrend for Progress Softwar (NASDAQ:PRGS) on February 9th, 2018 at $46.07. In approximately 2 months, Progress Softwar has returned 16.90% as of today's recent price of $38.28.

Progress Softwar share prices have moved between a 52-week high of $53.60 and a 52-week low of $24.20 and are now trading 58% above that low price at $38.28 per share. The 200-day and 50-day moving averages have moved 0.38% lower and 0.17% higher over the past week, respectively.

Progress Software Corporation develops, markets, and distributes applications. The Company offers databases, application, messaging servers, and development tools. Progress Software serves customers in the United States.

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

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

Keywords: spotlights progress softwar

Ticker(s): PRGS