GigaMedia (GIGM) Bearish Technical Alert - Trend Down 16.2%

GigaMedia (NASDAQ:GIGM) is trading 2.6% lower (down $0.12 to $4.54) today on volume of 335,759 shares. The stock has traded within a 52-week range of $2.64 and $7.73.

GigaMedia is currently below its 50-day moving average of $4.90 and below its 200-day moving average of $5.68.

SmarTrend is bearish on shares of GIGM and our subscribers received a Downtrend alert on June 11, 2009 at $5.42, which has returned 16.2% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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