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TMCNet:  Shares of Silicon Graphics International Down on Above Average Volume, Moving Against Trend (SGI)

[March 22, 2013]

Shares of Silicon Graphics International Down on Above Average Volume, Moving Against Trend (SGI)

Mar 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- Silicon Graphics International's stock is down 9.3% to $13.38 on heavy trading volume. Approximately 665,000 shares have changed hands today vs. average 30-day volume of 420,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Silicon Graphics International on December 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.09. Since that recommendation, shares of Silicon Graphics International have risen 62.5%. We continue to monitor SGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Silicon Graphics International have traded between a low of $5.02 and a high of $15.99 and are now at $13.44, which is 168% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 2.0% while the 50-day MA has advanced 2.8%.

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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