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New Media Invest Shares Down 23.5% Since SmarTrend's Sell Call (NEWM)

By Shiri Gupta

SmarTrend identified a Downtrend for New Media Invest (NYSE:NEWM) on August 2nd, 2018 at $16.89. In approximately 4 months, New Media Invest has returned 23.48% as of today's recent price of $12.92.

In the past 52 weeks, New Media Invest share prices have been bracketed by a low of $12.55 and a high of $19.10 and are now at $12.92, 3% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.1%.

New Media Investment Group, Inc. operates as an online advertising and digital marketing company. The Company provides advertising services in local newspapers/shoppers/yellow pages. New Media Investment Group serves customers in the United Stated.

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

Log in and add New Media Invest (NEWM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights new media invest

Ticker(s): NEWM