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Recent 52-Week High Exceeded in Shares of Hortonworks Inc (HDP)

By Nick Russo

Hortonworks Inc (NASDAQ:HDP) traded today at a new 52-week high of $17.50. So far today approximately 134,000 shares have been exchanged, as compared to an average 30-day volume of 474,000 shares.

Hortonworks Inc. provides enterprise data platform. The Company offers open source platform which provides data management infrastructures including vital management, monitoring, metadata, and data integration services. Hortonworks serves customers worldwide.

Based on a current price of $17.43, Hortonworks Inc is currently 5.3% above its average consensus analyst price target of $16.50. The stock should find resistance at its 200-day moving average (MA) of $17.52, as well as support at its 50-day MA of $11.52.

Hortonworks Inc share prices have moved between a 52-week high of $17.50 and a 52-week low of $6.42 and are now trading 171% above that low price at $17.43 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Hortonworks Inc on November 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.09. Since that recommendation, shares of Hortonworks Inc have risen 90.1%. We continue to monitor HDP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows hortonworks inc

Ticker(s): HDP