NeoMagic (OTCMKTS:NMGC) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Shares of NeoMagic Corp. (OTCMKTS:NMGC) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $0.02 and traded as high as $0.0202. NeoMagic shares last traded at $0.0202, with a volume of 225 shares changing hands.

NeoMagic Stock Performance

The firm’s 50 day moving average price is $0.02 and its two-hundred day moving average price is $0.01.

NeoMagic Company Profile

NeoMagic Corporation is a semiconductor company historically focused on graphics and multimedia solutions for mobile and portable electronic devices. Its products were designed to help manufacturers add display, graphics, video and other multimedia capabilities to systems with limited power and space. The company developed products under the MagicGraph and MagicMedia names, including graphics accelerators and integrated multimedia processors. These technologies were targeted at applications such as notebook computers, handheld devices, personal digital assistants, mobile phones and other embedded consumer-electronics systems.