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Recent 52-Week High Exceeded in Shares of Verint Systems (VRNT)

By Shiri Gupta

Verint Systems (NASDAQ:VRNT) traded at a new 52-week high today of $49.10. Approximately 152,000 shares have changed hands today, as compared to an average 30-day volume of 421,000 shares.

Verint Systems has overhead space with shares priced $48.83, or 0.4% below the average consensus analyst price target of $49.00. Verint Systems shares have support at the 50-day moving average (MA) of $43.90 and additional support at the 200-day MA of $41.97.

In the past 52 weeks, Verint Systems share prices have been bracketed by a low of $37.05 and a high of $49.10 and are now at $48.83, 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.

Verint Systems Inc. provides analytic solutions for communications, interception, digital video security and surveillance, and enterprise business intelligence. The Company's software generates actionable intelligence through the collection, retention, and analysis of voice, fax, video, email, internet, and data transmission from various types of communications networks.

SmarTrend recommended that subscribers consider buying shares of Verint Systems on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.23. Since that recommendation, shares of Verint Systems have risen 15.5%. We continue to monitor VRNT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows verint systems

Ticker(s): VRNT