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Downtrend Call Working As Allied Motion Te Stock Falls 22.1% (AMOT)

By James Quinn

SmarTrend identified a Downtrend for Allied Motion Te (NASDAQ:AMOT) on February 7th, 2020 at $45.19. In approximately 1 month, Allied Motion Te has returned 22.08% as of today's recent price of $35.21.

Allied Motion Te share prices have moved between a 52-week high of $49.98 and a 52-week low of $30.98 and are now trading 20% above that low price at $37.29 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.3%.

Allied Motion Technologies, Inc. designs, manufactures, and sells motion control products into applications that serve various industry sectors. The Company supplies precision and specialty motion control components and systems to a range of customers throughout 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 Allied Motion Te.

Log in and add Allied Motion Te (AMOT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights allied motion te

Ticker(s): AMOT