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Logitech International Shares Sinking Lower, Down 1.4%

Published on Thu, 06/26/2014 - 12:20
By Peter Chu

Logitech International (NASDAQ:LOGI) is one of today's notable stocks in decline, down 1.4% to $13.08. The Dow Jones Industrial Average is now trading 0.5% lower to 16,778 and the S&P is trading 0.5% lower to 1,950.

In the past 52 weeks, Logitech International share prices have been bracketed by a low of $6.46 and a high of $16.88 and are now at $13.08, 102% above that low price. The 200-day and 50-day moving averages have moved 0.60% higher and 0.35% lower over the past week, respectively.

There is potential upside of 30.6% for shares of Logitech International based on a current price of $13.08 and an average consensus analyst price target of $17.08. The stock should find resistance at its 50-day moving average (MA) of $13.34, as well as support at its 200-day MA of $12.86.

Logitech International S.A. manufactures personal computer input devices. The Company produces computer mice which help the user move the cursor around the computer screen quickly, trackballs, game controllers, keyboards, PC video cameras, and multimedia speakers. The Company sells its products worldwide.

By Peter Chu
pchu@fnno.com

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