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Mellanox Technologies Shares Down 15.7% Since SmarTrend's Sell Call (MLNX)
Jan 01, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Mellanox Technologies (NASDAQ:MLNX) on December 3rd, 2012 at $70.43. In approximately 4 weeks, Mellanox Technologies has returned 15.68% as of today's recent price of $59.38.
Over the past year, Mellanox Technologies has traded in a range of $24.51 to $120.05 and is now at $59.38, 142% above that low. The 200-day and 50-day moving averages have moved 0.60% higher and 4.55% lower over the past week, respectively.
Mellanox Technologies Ltd. designs and develops semiconductor-based, high-performance interconnect products. The Company's products facilitate data transmission between servers and storage systems through communications infrastructure equipment.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Mellanox Technologies.
Log in and add Mellanox Technologies (MLNX) 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
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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
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