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Mitek Systems, Inc. (NASD:MITK) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Mitek Systems, Inc. (NASD:MITK) seasonal charts above shows that a Buy Date of November 29 and a Sell Date of March 1 has resulted in a geometric average return of 20.23% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 14 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 20 years by an average of 24.16% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Technology sector, which runs from October 9 to February 15. The seasonal chart for the broad sector is available via the following link: Technology Sector Seasonal Chart.

Mitek Systems Inc offers mobile capture and identity verification software solutions for enterprises. The company is also applying mobile and imaging technology to digital identity verification globally through its products which include Mobile Verify, Mobile Fill, Mobile Docs, Mobile Deposit, and Multi Check Capture. The Mobile Deposit can be used to deposit checks through mobile and even multiple checks can be deposited in one batch using a mobile device. The image based identity verification product Mobile Verify, enables the enterprises to identify their business party. Mitek derives most of its revenues through the sale of licenses for its products and holds over 20 patents issued by the U.S. Patent and Trademark Office.

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