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TMCNet:  Shares of MENT Down 13.8% Since Downtrend Call on Shares

[November 16, 2012]

Shares of MENT Down 13.8% Since Downtrend Call on Shares

Nov 16, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Mentor Graphics (NASDAQ:MENT) on September 26th, 2012 at $15.61. In approximately 2 months, Mentor Graphics has returned 13.81% as of today's recent price of $13.45.

Over the past year, Mentor Graphics has traded in a range of $8.50 to $17.36 and is now at $13.45, 58% above that low. The 200-day and 50-day moving averages have moved 0.24% higher and 0.16% lower over the past week, respectively.

Mentor Graphics Corporation manufactures, markets, and supports software and hardware electronic design automation products. The Company provides related services which enable engineers to design, analyze, simulate, model, implement, and verify the components of electronic systems.

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

Log in and add Mentor Graphics (MENT) 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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