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TMCNet:  MIPS Technologies Shares Up 11.6% Since SmarTrend's Buy Recommendation (MIPS)

[November 07, 2012]

MIPS Technologies Shares Up 11.6% Since SmarTrend's Buy Recommendation (MIPS)

Nov 07, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for MIPS Technologies (NASDAQ:MIPS) on April 13th, 2012 at $6.41. In approximately 7 months, MIPS Technologies has returned 11.63% as of today's recent price of $7.15.

Over the past year, MIPS Technologies has traded in a range of $3.87 to $10.95 and is now at $7.15, 85% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

MIPS Technologies, Inc. designs high-performance processors and related intellectual property for use in a variety of consumer devices and business equipment. The Company's processor designs are based on 32- and 64-bit reduced instruction set computing architectures. MIPS licenses its processor designs and related intellectual property to semiconductor manufacturers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of MIPS Technologies shares.Log in and add MIPS Technologies (MIPS) 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

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