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Downtrend Call Working As Unifi Inc Stock Falls 20.6% (UFI)

By James Quinn

SmarTrend identified a Downtrend for Unifi Inc (NYSE:UFI) on September 12th, 2018 at $31.15. In approximately 1 month, Unifi Inc has returned 20.58% as of today's recent price of $24.74.

In the past 52 weeks, shares of Unifi Inc have traded between the current low of $24.74 and a high of $39.21 and are now at $24.74. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.6%.

Unifi, Inc. textures polyester and nylon filament fiber to produce polyester and nylon, dyed, and spandex yarns covered with nylon and polyester. The Company sells its products to knitters and weavers that produce fabrics for the apparel, automotive upholstery, hosiery, home furnishings, industrial, and other end use markets.

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

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

Keywords: spotlights unifi inc

Ticker(s): UFI