Zoran Corporation (ZRAN) Moving Average Crossover Alert
Published on 07/27/2010 by Leo Goldman
NEW YORK (Market Intellisearch) -- Shares of Zoran Corporation closed below the 50-day moving average of $9.66.
When analyzing trading patterns, technical analysts and investors will view this development as a sign of weakness.
There are key data indicators that may be examined in order to determine where this stock is headed. For instance,
the price when compared to the moving average can be used as an indicator to determine the trend.
Today's closing price indicates that ZRAN may head lower in the foreseeable future assuming the moving average continues
to decrease. On the volume side, 4,735,870 shares exchanged hands versus the average volume of 837,428.
The intraday price range is between $8.73 - $9.23 and the stock's 52 week low is 8.5 and the high is 12.32.
Other relevant figures to examine are the support and resistance levels for ZRAN. Zoran Corporation settled at $8.99 $0.78(-7.98%),
based on the pivot points, the current support and resistance levels are 8.73 and 9.23 respectively. If the support point price is broken in an downward movement, then the bearish trend is likely to continue and vice versa.
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