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Immersion Corp: 52-Week High Recently Eclipsed (IMMR)

By David Diaz

Immersion Corp (NASDAQ:IMMR) traded at a new 52-week high today of $14.08. This new high was reached on above average trading volume as 315,000 shares traded hands, while the average 30-day volume is approximately 218,000 shares.

Immersion Corporation develops and licenses hardware and software technologies that enable users to interact with computers using their sense of touch. The Company's technologies enable computer peripheral devices to deliver tactile sensations that correspond to on-screen events.

There is potential upside of 13.2% for shares of Immersion Corp based on a current price of $13.91 and an average consensus analyst price target of $15.75. The stock should discover initial support at its 200-day moving average (MA) of $10.44 and subsequent support at its 50-day MA of $8.10.

Over the past year, Immersion Corp has traded in a range of $5.76 to $14.08 and is now at $13.91, 141% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 1%.

SmarTrend recommended that subscribers consider buying shares of Immersion Corp on December 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.36. Since that recommendation, shares of Immersion Corp have risen 89.0%. We continue to monitor IMMR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows immersion corp

Ticker(s): IMMR