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EZchip Semiconductor Down 26.5% Since SmarTrend Downtrend Call (EZCH)
Feb 28, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for EZchip Semiconductor (NASDAQ:EZCH) on December 31st, 2012 at $33.02. In approximately 2 months, EZchip Semiconductor has returned 26.52% as of today's recent price of $24.26.
In the past 52 weeks, EZchip Semiconductor share prices have been bracketed by a low of $23.82 and a high of $46.79 and are now at $24.26, 2% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 2.3%.
EZchip Semiconductor Ltd. is a fabless semiconductor company that develops Ethernet network processors.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of EZchip Semiconductor.
Log in and add EZchip Semiconductor (EZCH) 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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