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Multi-Color Corp Shares Down 33.6% Since SmarTrend's Sell Call (LABL)

By Shiri Gupta

SmarTrend identified a Downtrend for Multi-Color Corp (NASDAQ:LABL) on October 10th, 2018 at $60.51. In approximately 2 months, Multi-Color Corp has returned 33.60% as of today's recent price of $40.17.

In the past 52 weeks, shares of Multi-Color Corp have traded between the current low of $39.60 and a high of $89.70 and are now at $40.17. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2.5%.

Multi-Color Corporation produces printed labels for branded consumer products. The Company manufactures labels for a variety of products including liquid detergents, fabric softeners, food products, liquid cleaners, anti-freeze, and chewing gum.

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

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

Keywords: spotlights multi-color corp

Ticker(s): LABL