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Iridex Corp Down 24.1% Since SmarTrend Downtrend Call (IRIX)

By Nick Russo

SmarTrend identified a Downtrend for Iridex Corp (NASDAQ:IRIX) on January 22nd, 2018 at $7.65. In approximately 2 months, Iridex Corp has returned 24.13% as of today's recent price of $5.80.

Over the past year, Iridex Corp has traded in a range of $5.31 to $16.64 and is now at $5.80, 9% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.9%.

IRIDEX Corporation provides semiconductor-based laser systems used to treat eye disease and skin lesions. The Company's products are sold around the world. IRIDEX markets its medical products to the ophthalmic market and the dermatological market, and light solutions to the research market.

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

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

Keywords: spotlights iridex corp

Ticker(s): IRIX