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Manhattan Assoc Shares Down 14.7% Since SmarTrend's Sell Call (MANH)

By James Quinn

SmarTrend identified a Downtrend for Manhattan Assoc (NASDAQ:MANH) on February 7th, 2020 at $77.42. In approximately 4 weeks, Manhattan Assoc has returned 14.75% as of today's recent price of $66.00.

Manhattan Assoc share prices have moved between a 52-week high of $90.46 and a 52-week low of $40.83 and are now trading 62% above that low price at $66.00 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Manhattan Associates, Inc. provides information technology solutions for distribution centers. The solutions are designed to enable the efficient movement of goods through the supply chain. The Company's solutions optimize the receipt, storage, and distribution of inventory, as well as manage equipment and personnel within a distribution center.

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

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

Keywords: spotlights manhattan assoc

Ticker(s): MANH