XG Technology Inc (XGTI) Shares are Down -13.46%

XG Technology Inc (XGTI) : During the past 4 weeks, traders have been relatively bearish on XG Technology Inc (XGTI), hence the stock is down -61.89% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -13.98% relative to the S&P 500. The 4-week change in the price of the stock is -59.32% and the stock has fallen -13.46% in the past 1 week.

XG Technology Inc (NASDAQ:XGTI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.46 and $0.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.48, notching a gain of 2.01% for the day. The total traded volume was 1,167,366 . The stock had closed at $0.47 on the previous day.


The stock has recorded a 20-day Moving Average of 48.42% and the 50-Day Moving Average is 6.68%. xG Technology, Inc. is up 412.38% in the last 3-month period. Year-to-Date the stock performance stands at 112.98%.

xG Technology, Inc. develops a portfolio of intellectual property. The Companys intellectual property is embedded in its software algorithms that offer cognitive interference mitigation and spectrum access solutions. The Companys products include xMax, CN5100 Mobile Hotspot, CN3100 Vehicle Modem, CN3200 Dual-Band Routing Modem, CN1100 Access Point, CN7000 Mobile Control Center and xMonitor/xDrive. The Company has developed frequency-agnostic cognitive radio solutions. Its intellectual property is also designed to enable wireless broadband network operators make efficient use of existing spectrum allocations. The Company focuses on various industries across the world, such as telecommunications, cable, defense and public safety, municipal governments, critical infrastructure and markets ranging from rural to urban areas and expeditionary deployments. The implementation of its cognitive radio intellectual property is xMax.

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