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

By Amy Schwartz

Shares of Chegg Inc (NYSE:CHGG) traded at a new 52-week high today of $13.67. This new high was reached on below average trading volume as 176,000 shares traded hands, while the average 30-day volume is approximately 432,000 shares.

Chegg, Inc. provides online educational platform. The Company offers homework help, course selection, note taking, manuals, and textbook rentals services. Chegg serves customers throughout the United States.

Chegg Inc (NYSE:CHGG) defies analysts with a current price ($13.64) 6.1% above its average consensus price target of $12.81. Chegg Inc shares have support at the 200-day moving average (MA) of $6.37 and additional support at the 50-day MA of $4.43.

Chegg Inc share prices have moved between a 52-week high of $13.67 and a 52-week low of $4.58 and are now trading 198% above that low price at $13.64 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 1.2%.

SmarTrend recommended that subscribers consider buying shares of Chegg Inc on February 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.74. Since that recommendation, shares of Chegg Inc have risen 76.5%. We continue to monitor CHGG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows chegg inc

Ticker(s): CHGG