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Stock Investors Sell Off Shares of Logitech International, Down 2.6%

Published on Tue, 01/08/2013 - 13:16
By Peter Chu

One of today's stocks on the move is Logitech International (NASDAQ:LOGI), down 2.6% to $7.53. The S&P is trading lower by 0.6% to 1,453 and the Dow is trading 0.6% lower to 13,305.

Logitech International (NASDAQ:LOGI) has potential upside of 13.8% based on a current price of $7.53 and analysts' consensus price target of $8.57. Logitech International shares should encounter resistance at the 200-day moving average (MA) of $8.80 and support at the 50-day MA of $7.35.

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 $7.53, 14% above that low price. The 200-day and 50-day moving averages have moved 0.02% lower and 0.81% lower over the past week, respectively.

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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