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ATV Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Monday, July 11, 11:37 AM ET
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In trading on Monday, shares of Acorn International Inc (NYSE:ATV) crossed below their 200 day moving average of $4.80, changing hands as low as $4.74 per share. Acorn International Inc shares are currently trading off about 6.3% on the day. The chart below shows the one year performance of ATV shares, versus its 200 day moving average:

Acorn International Inc 200 Day Moving Average Chart

Looking at the chart above, ATV's low point in its 52 week range is $3.16 per share, with $5.89 as the 52 week high point that compares with a last trade of $4.78.

ATV operates in the Specialty Retail sector, among companies like Hibbett Sports Inc (NASDAQ:HIBB) which is down about 1.9% today, and Office Depot, Inc. (NASDAQ:ODP) trading lower by about 1.7%. Below is a three month price history chart comparing the stock performance of ATV, versus HIBB and ODP.

ATV,HIBB,ODP Relative Performance Chart


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