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

By James Quinn

Shares of Etsy Inc (NASDAQ:ETSY) traded at a new 52-week high today of $41.75. So far today approximately 7.3 million shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

Based on a current price of $40.93, Etsy Inc is currently 24.3% above its average consensus analyst price target of $31.00. The stock should discover initial support at its 50-day moving average (MA) of $30.33 and subsequent support at its 200-day MA of $22.30.

In the past 52 weeks, shares of Etsy Inc have traded between a low of $13.12 and a high of $41.75 and are now at $40.93, which is 212% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.0%.

Etsy, Inc. provides e-commerce services. The Company offers handmade and vintage items, art, and supplies, as well as regular items such as clothing, housewares, paper goods, candles, bags and purses, music, and wood working items. Etsy serves users throughout the United States.

SmarTrend recommended that subscribers consider buying shares of Etsy Inc on February 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.79. Since that recommendation, shares of Etsy Inc have risen 66.7%. We continue to monitor ETSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows etsy inc

Ticker(s): ETSY