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Shares of MGI Down 44.1% Since Downtrend Call on Shares

By Nick Russo

SmarTrend identified a Downtrend for Moneygram Intern (NASDAQ:MGI) on November 2nd, 2017 at $15.43. In approximately 6 months, Moneygram Intern has returned 44.05% as of today's recent price of $8.63.

In the past 52 weeks, Moneygram Intern share prices have been bracketed by a low of $5.83 and a high of $17.92 and are now at $8.63, 48% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.7%.

MoneyGram International, Inc. provides payment services to consumers and businesses through a network of agents and its financial institution customers. The Company enables consumers to make payments and to transfer money around the world.

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

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

Keywords: spotlights moneygram intern

Ticker(s): MGI