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Mgp Ingredients Down 8.2% Since SmarTrend Downtrend Call (MGPI)

By David Diaz

SmarTrend identified a Downtrend for Mgp Ingredients (NASDAQ:MGPI) on May 1st, 2019 at $71.69. In approximately 2 weeks, Mgp Ingredients has returned 8.17% as of today's recent price of $65.83.

In the past 52 weeks, Mgp Ingredients share prices have been bracketed by a low of $53.66 and a high of $100.00 and are now at $65.83, 23% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.2%.

MGP Ingredients, Inc., together with its subsidiaries, produces and supplies distilled spirits, and specialty wheat proteins and starch food ingredients. It operates in two segments, Distillery Products and Ingredient Solutions.

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

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

Keywords: spotlights mgp ingredients

Ticker(s): MGPI