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Shares of SPA Down 28.6% Since Downtrend Call on Shares

By James Quinn

SmarTrend identified a Downtrend for Sparton Corp (NYSE:SPA) on March 5th, 2018 at $18.02. In approximately 5 months, Sparton Corp has returned 28.63% as of today's recent price of $12.86.

In the past 52 weeks, Sparton Corp share prices have been bracketed by a current low of $12.79 and a high of $23.46 and are now at $12.86. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.2% while the 200-day MA has slid 1%.

Sparton Corporation provides electronic manufacturing services, including design and manufactures of a variety of electronic and electromechanical products and assemblies. The Company's products include microprocessor-based systems, transducers, printed circuit boards, and sensors. Sparton also develops and manufactures sonobuoys, which are anti-submarine warfare devices.

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

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

Keywords: spotlights sparton corp

Ticker(s): SPA