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Brightcove Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Brightcove (NASDAQ:BCOV) traded at a new 52-week high today of $12.53. So far today approximately 114,000 shares have been exchanged, as compared to an average 30-day volume of 123,000 shares.

Brightcove Inc. provides video hosting and publishing services. The Company operates a video platform whose services include uploading and encoding, content management, players and styling, delivery, and live streaming. Brightcove offers its services globally.

Brightcove (NASDAQ:BCOV) defies analysts with a current price ($12.53) 11.1% above its average consensus price target of $11.14. The stock should find initial support at its 50-day moving average (MA) of $10.44 and further support at its 200-day MA of $8.62.

In the past 52 weeks, shares of Brightcove have traded between a low of $6.88 and a high of $12.53 and are now at $12.53, which is 82% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Brightcove on January 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.83. Since that recommendation, shares of Brightcove have risen 49.5%. We continue to monitor BCOV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows brightcove

Ticker(s): BCOV