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Shares of CLMS Down 48.8% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Calamos Asset Management (NASDAQ:CLMS) on December 12th, 2014 at $12.62. In approximately 23 months, Calamos Asset Management has returned 48.81% as of today's recent price of $6.46.

Over the past year, Calamos Asset Management has traded in a range of $6.27 to $13.19 and is now at $6.46, 3% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.9%.

Calamos Asset Management, Inc. provides investment advisory services to institutions and individuals primarily in the United States. The Company applies an investment process centered on risk management across investment strategies within the equity, balanced, convertible, high yield, and alternative asset classes. Calamos offers mutual fund and separate account products.

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

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

Keywords: spotlights calamos asset management

Ticker(s): CLMS