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Mercury Systems: 52-Week High Recently Eclipsed (MRCY)

By Nick Russo

Shares of Mercury Systems (NASDAQ:MRCY) traded at a new 52-week high today of $89.59. Approximately 51,000 shares have changed hands today, as compared to an average 30-day volume of 343,000 shares.

Mercury Systems, Inc. designs, manufactures, and markets real-time digital signal processing computer systems. The Company's systems transform sensor generated data into information which can be displayed as images for human interpretation or subjected to additional computer analysis. Products are marketed to the defense electronics and medical diagnostic imaging businesses.

Based on a current price of $88.67, Mercury Systems is currently 41.2% above its average consensus analyst price target of $52.17. The stock should discover initial support at its 50-day moving average (MA) of $73.82 and subsequent support at its 200-day MA of $62.88.

Over the past year, Mercury Systems has traded in a range of $30.11 to $89.59 and is now at $88.67, 194% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Mercury Systems on July 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.13. Since that recommendation, shares of Mercury Systems have risen 23.0%. We continue to monitor MRCY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows mercury systems

Ticker(s): MRCY