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Geospace Technol Down 20.7% Since SmarTrend Downtrend Call (GEOS)

By Nick Russo

SmarTrend identified a Downtrend for Geospace Technol (NASDAQ:GEOS) on February 6th, 2018 at $13.23. In approximately 1 month, Geospace Technol has returned 20.71% as of today's recent price of $10.49.

In the past 52 weeks, Geospace Technol share prices have been bracketed by a low of $9.90 and a high of $24.37 and are now at $10.49, 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 3.7%.

Geospace Technologies Corp designs and manufactures instruments and equipment used in the acquisition and processing of seismic data. The Company markets its seismic instruments primarily to the oil and gas industry worldwide. Geospace also designs and manufactures thermal imaging equipment and distributes dry thermal film products to the commercial graphics industry.

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

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

Keywords: spotlights geospace technol

Ticker(s): GEOS