Upgrade your membership to see all of the expert analysis we have published on LOGI now!
Recent Pullback is Testing Important Technical Support - Friday, July 2, 2021
Logitech Intl Sa (LOGI) posted a gain today . Volume totals have been cooling while slumping near prior highs in the $120-117 area which define important support to watch along with its 50-day moving average (DMA) line ($119.17). More damaging losses would raise concerns and trigger technical sell signals.
The Switzerland-based Computer - Hardware/Peripherals firm was highlighted in yellow with pivot point cited based on its 2/16/21 high plus 10 cents in the 5/27/21 mid-day report (read here) and an annotated graph was included that evening under the headline, "Streak of Gains to New Highs Lacked Great Volume Conviction".
LOGI has a 99 Earnings Per Share Rating. It reported Mar '21 quarterly earnings +245% on +117% sales revenues versus the year ago period, its 4th strong quarter well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong. Sequential comparisons show encouraging acceleration in its sales revenues growth rate.
The high-ranked COMPUTER HARDWARE - Computer Peripherals firm saw the number of top rated funds owning its shares rise from 1,226 in Jun '20 to 1,731 in Mar '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.1 is an unbiased indication its shares have been under slight accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of C.
Streak of Gains to New Highs Lacked Great Volume Conviction - Thursday, May 27, 2021
Logitech Intl Sa (LOGI +$2.40 or +2.01% to $122.00) hit a new all-time high today. Its color code was changed to yellow with pivot point cited based on its 2/16/21 high plus 10 cents in the earlier mid-day report (read here). The Switzerland-based Computer - Hardware/Peripherals firm posted a 10th gain in the span of 11 sessions. It was noted - "Subsequent gains above its pivot point backed by at least +40% above average volume may trigger a technical buy signal."
Reported Mar '21 quarterly earnings +245% on +117% sales revenues versus the year ago period, its 4th strong quarter well above the +25% minimum earnings guideline (C criteria). Annual earnings (A criteria) history has been strong. Sequential comparisons show encouraging acceleration in its sales revenues growth rate.
The high-ranked COMPUTER HARDWARE - Computer Peripherals firm saw the number of top rated funds owning its shares rise from 1,226 in Jun '20 to 1,672 in Mar '21, a reassuring sign concerning the I criteria. Its current Up/Down Volume Ratio of 1.3 is an unbiased indication its shares have been under accumulation over the past 50 days. It has a Timeliness rating of A and Sponsorship Rating of C.
