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Shares of CEVA Down 23.6% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Ceva Inc (NASDAQ:CEVA) on March 23rd, 2018 at $36.83. In approximately 6 months, Ceva Inc has returned 23.56% as of today's recent price of $28.15.

In the past 52 weeks, Ceva Inc share prices have been bracketed by a low of $26.10 and a high of $51.80 and are now at $28.15, 8% above that low price. The 200-day and 50-day moving averages have moved 1.12% lower and 0.19% lower over the past week, respectively.

CEVA, Inc. licenses DSP-based platforms applications to the semiconductor industry. The Company markets IPs for vision, audio, communications, and connectivity. CEVA serves a range of end markets, including mobile, consumer, automotive, and industrial.

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

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

Keywords: spotlights ceva inc

Ticker(s): CEVA