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Insteel Inds Shares Down 35.2% Since SmarTrend's Sell Call (IIIN)

Jan 11, 2019

Jan 11, 2019 (SmarTrend(R) Spotlight via COMTEX News Network) -- SmarTrend identified a Downtrend for Insteel Inds (NASDAQ:IIIN) on August 29th, 2018 at $38.81. In approximately 5 months, Insteel Inds has returned 35.25% as of today's recent price of $25.13.

Over the past year, Insteel Inds has traded in a range of $22.23 to $43.78 and is now at $25.13, 13% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.2%.

Insteel Industries, Inc. manufactures and markets wire products. The Company's products include concrete reinforcing products, tire bead wire, and industrial wire for a range of construction and industrial applications. Insteel's products are sold directly to users and through wholesalers and distributors located in the United States, Canada, Mexico, and Central and South America.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Insteel Inds.

Log in and add Insteel Inds (IIIN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to SmarTrend at cs@mysmartrend.com

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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

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Copyright, Comtex News Network, Inc. 2019

SOURCE: Comtex

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