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RENN Makes Bearish Cross Below Critical Moving Average

By Market News Video Staff, Monday, July 11, 11:39 AM ET
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In trading on Monday, shares of Renren Inc (NYSE:RENN) crossed below their 200 day moving average of $10.17, changing hands as low as $9.80 per share. Renren Inc shares are currently trading off about 8.4% on the day. The chart below shows the one year performance of RENN shares, versus its 200 day moving average:

Renren Inc 200 Day Moving Average Chart

Looking at the chart above, RENN's low point in its 52 week range is $6.13 per share, with $24.00 as the 52 week high point — that compares with a last trade of $10.00.

RENN operates in the Application Software sector, among companies like VirnetX Holding Corp (AMEX:VHC) which is down about 0.9% today, and Solarwinds Inc (NYSE:SWI) trading lower by about 4%. Below is a three month price history chart comparing the stock performance of RENN, versus VHC and SWI.

RENN,VHC,SWI Relative Performance Chart


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This Article's Word Cloud:   AMEX   Application   Average   Below   Holding   Investment   Moving   NYSE   PORTFOLIO   Portfolio   RENN   Renren   Software   about   above   allows   among   asset   average   below   bonds   chart   classes   companies   completely   countries   currently   designed   growth   hands   history   moving   operates   performance   point   portfolio   price   range   raquo   share   shares   short   slideshow   stocks   terms   trading   versus   week   with   year
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