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Stock Investors Sell Off Shares of Logitech International, Down 1.8%

Published on Wed, 02/20/2013 - 13:32
By Robert Cotter

Logitech International (NASDAQ:LOGI) is a company whose shares are active, trading 1.8% lower to $7.15. The S&P is currently trading 0.4% lower to 1,525 and the Dow Jones Industrial Average is trading fractionally lower to 14,025.

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.

There is potential upside of 2.6% for shares of Logitech International based on a current price of $7.15 and an average consensus analyst price target of $7.33. The stock should find initial resistance at its 50-day moving average (MA) of $7.35 and further resistance at its 200-day MA of $8.65.

In the past 52 weeks, shares of Logitech International have traded between a low of $6.59 and a high of $11.47 and are now at $7.15, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

By Robert Cotter
rcotter@fnno.com