• Return to Headlines

Shares of DMRC Down 21.6% Since Downtrend Call on Shares

By David Diaz

SmarTrend identified a Downtrend for Digimarc (NASDAQ:DMRC) on October 13th, 2016 at $34.43. In approximately 5 months, Digimarc has returned 21.59% as of today's recent price of $27.00.

Over the past year, Digimarc has traded in a range of $20.90 to $49.25 and is now at $26.95, 29% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

Digimarc Corporation provides digital watermarking technologies that allow imperceptible digital code to be embedded in printed or digital versions of visual content. Content includes movies, photographic or artistic images, and valuable documents such as financial instruments, passports, and tickets.

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

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

Keywords: spotlights digimarc

Ticker(s): DMRC