Sigma Designs, Inc. is a company that offers silicon-based digital media processors primarily for Internet protocol (IP) video technology, connected media players, high-definition televisions, and personal computers add-in and other markets. Sigma " SIGM " shares was down more than 12% to 23.43$ after American Technology research analyst Jeff Schreiner downgraded the stock to "Sell" from "Neutral," and lowered his price target to $19 from $28. Looking at the chart stock is now in a bad situation after breakdown an important support at 25.50$, the next support is now at 23$. The technical chart also show weakness signa as K line is below D line, MACD back again below 0 and RSI is now in Bearish teritory.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.