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Downtrend Call Working As Luminex Stock Falls 10.4% (LMNX)
Dec 31, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Luminex (NASDAQ:LMNX) on October 10th, 2012 at $18.41. In approximately 3 months, Luminex has returned 10.40% as of today's recent price of $16.49.
In the past 52 weeks, shares of Luminex have traded between a low of $15.58 and a high of $25.79 and are now at $16.49, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.9%.
Luminex Corporation has developed, manufactures, and markets a proprietary technology platform that simplifies biological testing for the life sciences industry. The Company's LabMAP system is designed to simultaneously perform up to 100 bioassays on a single drop of fluid. The Luminex 100 reads biological tests taking place on the surface of microspheres.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Luminex.
Log in and add Luminex (LMNX) 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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