Shares of 8X8 INC Rise Above Previous 52-Week High
Shares of 8X8 INC (NASDAQ:EGHT) traded today at $15.67, breaking its 52-week high. This new high was reached on below average trading volume as 127,000 shares traded hands, while the average 30-day volume is approximately 573,000 shares.
8X8 INC (NASDAQ:EGHT) defies analysts with a current price ($15.56) 22.9% above its average consensus price target of $12.00. 8X8 INC shares have support at the 50-day moving average (MA) of $10.72 and additional support at the 200-day MA of $10.18.
In the past 52 weeks, shares of 8X8 INC have traded between a low of $7.25 and a high of $15.67 and are now at $15.56, which is 115% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.
8x8, Inc. provides voice-over-Internet protocol creation platforms, hosted Internet PBX solutions, voice and video semiconductors, and related software. The Company offers service providers the tools to create next-generation Internet protocol network services, while providing telecommunications manufacturers with embedded technology, software stacks, and reference designs.
SmarTrend recommended that subscribers consider buying shares of 8X8 INC on September 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.56. Since that recommendation, shares of 8X8 INC have risen 7.3%. We continue to monitor EGHT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows 8x8 inc