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Pandora Media In: The Winning Streak Continues (P)

By Amy Schwartz

Pandora Media In (NYSE:P) traded at a new 52-week high today of $10.07. So far today approximately 1.7 million shares have been exchanged, as compared to an average 30-day volume of 8.7 million shares.

Pandora Media Inc. provides radio services through the internet. The Company offers radio stations available to stream on computers and mobile phones. Pandora's services allow users to search on their favorite artists, genres, and songs while Pandora selects ""stations"" that match or are similar to their search.

Pandora Media In (NYSE:P) is currently priced 26.0% above its average consensus analyst price target of $7.42. Pandora Media In shares have support at the 50-day moving average (MA) of $8.21 and additional support at the 200-day MA of $6.27.

In the past 52 weeks, shares of Pandora Media In have traded between a low of $4.09 and a high of $10.07 and are now at $10.02, which is 145% above that low price. The 200-day and 50-day moving averages have moved 1.05% higher and 1.21% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Pandora Media In. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pandora Media In in search of a potential trend change.

Keywords: 52 week high/lows pandora media in

Ticker(s): P