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Zagg Shares Sinking Lower, Down 1.9%

Published on Fri, 06/14/2013 - 10:43
By Mallory Stone

Zagg (NASDAQ:ZAGG) is one of today's notable stocks in decline, down 1.9% to $5.67. The Dow is down 0.2% to 15,142 and the S&P is currently down 0.2% to 1,633.

Zagg Incorporated designs, manufactures and distribute branded protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices.

Potential upside of 20.5% exists for Zagg, based on a current level of $5.67 and analysts' average consensus price target of $6.83. The stock should find initial resistance at its 50-day moving average (MA) of $5.91 and further resistance at its 200-day MA of $7.16.

Zagg share prices have moved between a 52-week high of $17.10 and a 52-week low of $4.75 and are now trading 19% above that low price at $5.67 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 2.4%.

By Mallory Stone
mstone@fnno.com

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