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Etsy Inc: The Winning Streak Continues (ETSY)

By Amy Schwartz

Etsy Inc (NASDAQ:ETSY) traded today at a new 52-week high of $28.54. This new high was reached on below average trading volume as 349,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

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.

Etsy Inc (NASDAQ:ETSY) is currently priced 20.2% above its average consensus analyst price target of $22.39. The stock should discover initial support at its 200-day moving average (MA) of $10.66 and subsequent support at its 50-day MA of $8.74.

Etsy Inc share prices have moved between a 52-week high of $28.54 and a 52-week low of $8.56 and are now trading 228% above that low price at $28.06 per share. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has advanced 0.8%.

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 41.1%. 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