One of today's notable stocks in decline is Logitech International (NASDAQ:LOGI), down 1.9% to $6.83. The Dow is trading fractionally lower to 13,887 and the S&P is currently trading fractionally lower to 1,500.
Logitech International has overhead space with shares priced $6.83, or 14.5% below the average consensus analyst price target of $7.99. The stock should run into initial resistance at its 50-day moving average (MA) of $7.35 and subsequent resistance at its 200-day MA of $8.77.
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.
Over the past year, Logitech International has traded in a range of $6.59 to $11.47 and is now at $6.83, 4% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.