Contact Center Industry News

TMCNet:  Shares of MAG Down 19.9% Since Downtrend Call on Shares

[January 03, 2013]

Shares of MAG Down 19.9% Since Downtrend Call on Shares

Jan 03, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Magnetek (NYSE:MAG) on August 8th, 2012 at $13.43. In approximately 5 months, Magnetek has returned 19.93% as of today's recent price of $10.75.

Magnetek share prices have moved between a 52-week high of $19.72 and a 52-week low of $8.61 and are now trading 25% above that low price at $10.75 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.4%.

Magnetek, Inc. develops, manufactures, and markets digital power and motion control systems for material handling, people-moving, alternative energy, mining, and communications applications. The Company's products include power controls and motion controls that are sold to original equipment manufacturers, system integrators, and distributors.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Magnetek.

Log in and add Magnetek (MAG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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