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Brocade Communications Systems, Inc. Breaks Below 200-Day Moving Average - Bearish for BRCD

By Market News Video Staff, Thursday, December 8, 4:50 PM ET
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In trading on Thursday, shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD) crossed below their 200 day moving average of $5.38, changing hands as low as $5.31 per share. Brocade Communications Systems, Inc. shares are currently trading down about 3.7% on the day. The chart below shows the one year performance of BRCD shares, versus its 200 day moving average:

Brocade Communications Systems, Inc. 200 Day Moving Average Chart

Looking at the chart above, BRCD's low point in its 52 week range is $3.18 per share, with $7.30 as the 52 week high point — that compares with a last trade of $5.36.

According to the ETF Finder at ETF Channel, BRCD makes up 3.16% of the iShares S&P North American Technology-Multimedia Networking Index Fund ETF (AMEX:IGN) which is trading lower by about 2.4% on the day Thursday.

     See what other ETFs contain BRCD »
     See what other stocks are held by IGN »

BRCD operates in the Computers sector, among companies like Super Micro Computer Inc (NASDAQ:SMCI) which is off about 3.6% today, and Quantum Corp. (NYSE:QTM) trading lower by about 4.8%. Below is a three month price history chart comparing the stock performance of BRCD, versus SMCI and QTM.

BRCD,SMCI,QTM Relative Performance Chart


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This Article's Word Cloud:   According   American   Average   BRCD   Below   Brocade   Channel   Communications   Computers   ETFs   Moving   NASDAQ   Portfolio   SMCI   Super   Systems   Thursday   about   allows   among   asset   average   below   chart   companies   completely   currently   designed   growth   hands   history   lower   moving   operates   other   performance   point   portfolio   price   range   share   shares   stocks   terms   trading   versus   week   what   which   with
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