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Shares of MIC Down 35.3% Since Downtrend Call on Shares

By Amy Schwartz

SmarTrend identified a Downtrend for Macquarie Infras (NYSE:MIC) on February 5th, 2018 at $64.15. In approximately 4 months, Macquarie Infras has returned 35.27% as of today's recent price of $41.52.

In the past 52 weeks, Macquarie Infras share prices have been bracketed by a low of $36.20 and a high of $79.51 and are now at $41.52, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.8%.

Macquarie Infrastructure Corporation (MIC) owns, operates, and invests in a portfolio of infrastructure businesses. The Company's businesses consist of bulk liquid terminals, airport services, gas processing and distribution, and a portfolio of contracted power and energy investments. MIC serves customers worldwide.

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

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

Keywords: spotlights macquarie infras

Ticker(s): MIC