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LogMeIn Inc Breaks Below 200-Day Moving Average - Bearish for LOGM

By Market News Video Staff, Monday, November 28, 10:59 AM ET
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In trading on Wednesday, shares of LogMeIn Inc (NASDAQ:LOGM) crossed below their 200 day moving average of $37.52, changing hands as low as $37.21 per share. LogMeIn Inc shares are currently trading down about 5% on the day. The chart below shows the one year performance of LOGM shares, versus its 200 day moving average:

LogMeIn Inc 200 Day Moving Average Chart

Looking at the chart above, LOGM's low point in its 52 week range is $26.74 per share, with $49.50 as the 52 week high point — that compares with a last trade of $37.23.

LOGM operates in the Application Software sector, among companies like BMC Software, Inc. (NASDAQ:BMC) which is off about 3.6% today, and Nuance Communications Inc (NASDAQ:NUAN) trading lower by about 0.7%. Below is a three month price history chart comparing the stock performance of LOGM, versus BMC and NUAN.

LOGM,BMC,NUAN Relative Performance Chart


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This Article's Word Cloud:   Application   Average   Below   Free   GROWTH   INVESTMENT   LOGM   LogMeIn   Moving   NASDAQ   NUAN   Nuance   PORTFOLIO   Portfolio   Software   Wednesday   about   allows   among   asset   average   below   cash   chart   companies   completely   currently   designed   growth   hands   history   lower   moving   operates   performance   point   portfolio   price   range   share   shares   slideshow   stocks   terms   there   trading   versus   week   with   year
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