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Cray Inc: 52-Week High Recently Eclipsed (CRAY)

By David Diaz

Cray Inc (NASDAQ:CRAY) traded at a new 52-week high today of $34.80. Approximately 2.8 million shares have changed hands today, as compared to an average 30-day volume of 369,000 shares.

Cray, Inc. designs, develops, manufactures, markets, and services high performance computing systems commonly known as supercomputers. The Company's products provides sustained performance on critical applications, scalability to handle larger problems, and the reliability to run jobs to completion.

In the past 52 weeks, shares of Cray Inc have traded between a low of $18.76 and a high of $34.80 and are now at $34.80, which is 86% above that low price. The 200-day and 50-day moving averages have moved 0.37% higher and 1.44% higher over the past week, respectively.

Cray Inc (NASDAQ:CRAY) defies analysts with a current price ($34.80) 3.3% above its average consensus price target of $33.67. The stock should find initial support at its 50-day moving average (MA) of $26.59 and further support at its 200-day MA of $23.41.

SmarTrend is tracking the current trend status for Cray Inc and will alert subscribers who have CRAY in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows cray inc

Ticker(s): CRAY