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From Zacks: "Hot Stock: Magma Design Automation Shares Gain 2.2%"

|Includes: Magma Design Automation, Inc. (LAVA)
http://www.zacks.com/research/get_news.php?id=274l2409


HOT STOCK: MAGMA DESIGN AUTOMATION SHARES GAIN 2.2% (LAVA)
Oct 01, 2010 (SmarTrend(NYSE:R) Spotlight via COMTEX) -- Magma Design Automation (NASDAQ:LAVA) is one of today's best performing low-priced stocks, up 2.2% to $3.78 on 0.6x average daily volume. Approximately 365,000 shares have traded hands today vs. 30-day average volume of 614,000 shares.

 

High volume often signals a change in trends. Shares of Magma Design Automation are currently trading above their 50-day moving average (NYSE:MA) of $3.26 and above their 200-day MA of $2.92.

SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.

Magma Design Automation is in SmarTrend's Technical Software industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Uptrend and price prediction.

SmarTrend is bullish on shares of Magma Design Automation and our subscribers were alerted to buy on September 16, 2010 at $3.44. The stock has risen 9.9% since the alert was issued.



Disclosure: Long LAVA