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Universal Elec Shares Down 39.2% Since SmarTrend's Sell Call (UEIC)

By Shiri Gupta

SmarTrend identified a Downtrend for Universal Elec (NASDAQ:UEIC) on April 20th, 2018 at $49.22. In approximately 4 weeks, Universal Elec has returned 39.16% as of today's recent price of $29.95.

In the past 52 weeks, Universal Elec share prices have been bracketed by a low of $26.97 and a high of $80.42 and are now at $29.95, 11% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.

Universal Electronics Inc. manufactures and markets preprogrammed universal wireless remote controls, wireless keyboards, and gaming controls principally for home video and audio entertainment equipment. The Company sells and licenses its devices and proprietary technologies worldwide to OEM's, private label manufacturers and companies involved in the cable and satellite industries.

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

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

Keywords: spotlights universal elec

Ticker(s): UEIC