• Return to Headlines

QLogic Has Returned 27.8% Since SmarTrend Recommendation (QLGC)

By James Quinn

SmarTrend identified an Uptrend for QLogic (NASDAQ:QLGC) on October 23rd, 2015 at $12.58. In approximately 19 months, QLogic has returned 27.79% as of today's recent price of $16.07.

In the past 52 weeks, QLogic share prices have been bracketed by a low of $8.37 and a high of $19.00 and are now at $16.07, 92% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.03% lower over the past week, respectively.

QLogic Corp. supplies high performance storage networking solutions and networking infrastructure solutions which are sold primarily to original equipment manufacturers and distributors. The Company produces host bus adapters and Fibre Channel switches including core, blade and stackable switches. QLogic also supplies enclosure management and baseboard management products.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of QLogic shares.

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

Keywords: spotlights qlogic

Ticker(s): QLGC