Computer Sciences: 52-Week High Recently Eclipsed (CSC)
Computer Sciences (NYSE:CSC) traded at a new 52-week high today of $55.06. This new high was reached on below average trading volume as 101,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
Over the past year, Computer Sciences has traded in a range of $24.27 to $55.06 and is now at $54.77, 126% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.3%.
Computer Sciences (NYSE:CSC) is currently priced 29.8% above its average consensus analyst price target of $38.43. The stock should find initial support at its 200-day moving average (MA) of $33.88 and further support at its 50-day MA of $32.13.
Computer Sciences Corporation provides consulting and information technology (IT) services to industry and government. The Company provides consulting, systems design and integration, IT and business process outsourcing, applications software, and Web and application hosting. Computer Sciences operates locations around the world.
SmarTrend recommended that subscribers consider buying shares of Computer Sciences on March 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.88. Since that recommendation, shares of Computer Sciences have risen 61.5%. We continue to monitor CSC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows computer sciences