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TMCNet:  Sanmina-SCI Falling Today on Above-Average Volume (SANM)

[January 29, 2013]

Sanmina-SCI Falling Today on Above-Average Volume (SANM)

Jan 29, 2013 (SmarTrend(R) News Watch via COMTEX) -- Sanmina-SCI's stock is down 14.9% to $10.01 on heavy trading volume. Today's volume of 1.6 million shares tops the average 30-day volume of 573,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Sanmina-SCI on November 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.36. Since that recommendation, shares of Sanmina-SCI have risen 25.5%. We continue to monitor SANM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Sanmina-SCI share prices have been bracketed by a low of $6.62 and a high of $12.55 and are now at $10.18, 54% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has risen 0.2%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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