The price of Sigma Designs shares has slipped to $5.79 (a 0.7% change) on heavy trading volume. Today's volume of 377,000 shares tops the average 30-day volume of 210,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
Sigma Designs, Inc. designs, manufactures, and markets high-performance, System-on-a-Chip (SoC) semiconductors. The Company serves markets that include IPTV Set-top Boxes, Blu-ray players, HDTV's, digital media players, and ultra-wideband connectivity markets.
In the past 52 weeks, Sigma Designs share prices have been bracketed by a current low of $5.77 and a high of $15.02 and are now at $5.79. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 1.9%.
Sigma Designs has overhead space with shares priced $5.79, or 48.5% below the average consensus analyst price target of $11.25. The stock should find initial resistance at its 50-day moving average (MA) of $7.56 and further resistance at its 200-day MA of $9.28.
