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Shares of DMRC Down 29.0% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Digimarc Corp (NASDAQ:DMRC) on May 30th, 2019 at $56.60. In approximately 3 months, Digimarc Corp has returned 28.96% as of today's recent price of $40.21.

Over the past year, Digimarc Corp has traded in a range of $14.03 to $66.50 and is now at $40.21, 187% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 1.2%.

Digimarc Corporation provides digital watermarking technologies that allow imperceptible digital code to be embedded in printed and digital versions of visual content. Content includes movies, photographic and 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 Corp.

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

Keywords: spotlights digimarc corp

Ticker(s): DMRC