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Shares of IRIX Down 34.0% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Iridex Corp (NASDAQ:IRIX) on September 13th, 2018 at $7.72. In approximately 2 months, Iridex Corp has returned 34.02% as of today's recent price of $5.09.

Iridex Corp share prices have moved between a 52-week high of $16.64 and the current low of $0.00 and are currently at $0.00 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.9% while the 200-day MA has slid 0.8%.

IRIDEX Corporation provides semiconductor-based laser systems used to treat eye disease and skin lesions. The Company's products are sold around the world. IRIDEX markets its medical products to the ophthalmic market and the dermatological market, and light solutions to the research market.

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

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

Keywords: spotlights iridex corp

Ticker(s): IRIX