News Update: Shares of DG FastChannel Inc. Plunge Over 30% Following Q3 Revenue Forecast

"Shares of DG FastChannel Inc. (NASDAQ:DGIT) dove 34% earlier Monday to $16.26, its highest intraday since June 2006, reports Bloomberg.
Company officials said that Q3 revenue will not total over $53 million, below the analyst forecast of $61.5 million. SmarTrend alerted subscribers to take profits in DG FastChannel on August 09, 2010 at $36.01, since then the stock fell 57%. We are now watching for any positive developments that could result in a new uptrend signal. Shares of the company continue to trade down 37.69% Monday afternoon at $15.29."

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