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Netgear Inc: 52-Week High Recently Eclipsed (NTGR)

By Nick Russo

Netgear Inc (NASDAQ:NTGR) traded today at a new 52-week high of $75.45. Approximately 176,000 shares have changed hands today, as compared to an average 30-day volume of 236,000 shares.

Netgear Inc (NASDAQ:NTGR) is currently priced 11.9% above its average consensus analyst price target of $66.38. The stock should find initial support at its 50-day moving average (MA) of $62.32 and further support at its 200-day MA of $57.93.

NETGEAR, Inc. provides networking products designed for small businesses and homes. The Company's suite of products enables small businesses and homes to share Internet access, peripherals, digital content, and applications among multiple personal computers and other Internet-enabled devices. NETGEAR markets and sells its products through distributors to a network of resellers.

Netgear Inc share prices have moved between a 52-week high of $75.45 and a 52-week low of $43.10 and are now trading 75% above that low price at $75.35 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.8%.

SmarTrend recommended that subscribers consider buying shares of Netgear Inc on May 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.86. Since that recommendation, shares of Netgear Inc have risen 21.4%. We continue to monitor NTGR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows netgear inc

Ticker(s): NTGR