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Avid Technology Has Returned 7.0% Since SmarTrend Recommendation (AVID)

By Amy Schwartz

SmarTrend identified a Downtrend for Avid Technology (NASDAQ:AVID) on August 6th, 2019 at $7.27. In approximately 3 months, Avid Technology has returned 6.98% as of today's recent price of $6.76.

Over the past year, Avid Technology has traded in a range of $4.37 to $10.79 and is now at $6.76, 55% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Avid Technology, Inc. develops, markets, sells, and supports a variety of software and systems for creating and manipulating digital media content. The Company develops and sells digital editing systems and newsroom computer systems, as well as digital audio systems. Avid's products are used worldwide in production and post-production film, video, and television facilities.

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

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

Keywords: spotlights avid technology

Ticker(s): AVID