Stock Investors Sell Off Shares of Logitech International, Down 2.0%

Published on Fri, 12/21/2012 - 11:35
By Peter Chu in Market movers, LOGI, logitech international, market movers, nasdaq:logi

Logitech International (NASDAQ:LOGI) is a company whose shares are active, trading 2.0% lower to $7.70. The S&P is trading lower by 1.0% to 1,429 and the Dow is trading 1.0% lower to 13,183.

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.

Logitech International has overhead space with shares priced $7.70, or 10.1% below the average consensus analyst price target of $8.57. Logitech International shares should encounter resistance at the 200-day moving average (MA) of $8.81 and support at the 50-day MA of $7.70.

In the past 52 weeks, Logitech International share prices have been bracketed by a low of $6.59 and a high of $11.47 and are now at $7.70, 17% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.7%.

By Peter Chu
pchu@fnno.com

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