Smart Grid

TMCNet:  Magnetek Shares Down 24.4% Since SmarTrend's Sell Call (MAG)

[December 12, 2012]

Magnetek Shares Down 24.4% Since SmarTrend's Sell Call (MAG)

Dec 12, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Magnetek (NYSE:MAG) on August 8th, 2012 at $13.43. In approximately 4 months, Magnetek has returned 24.39% as of today's recent price of $10.15.

In the past 52 weeks, shares of Magnetek have traded between a low of $8.30 and a high of $19.72 and are now at $10.15, which is 22% above that low price. The 200-day and 50-day moving averages have moved 0.31% lower and 1.52% lower over the past week, respectively.
Story continues below ↓

Magnetek, Inc. develops, manufactures, and markets digital power and motion control systems for material handling, people-moving, alternative energy, mining, and communications applications. The Company's products include power controls and motion controls that are sold to original equipment manufacturers, system integrators, and distributors.

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

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

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Smart Grid Home's Homepage ]




blog comments powered by Disqus