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Shares of A10 Networks Inc Rise Above Previous 52-Week High

By David Diaz

Shares of A10 Networks Inc (NYSE:ATEN) traded today at $7.71, breaking its 52-week high. This new high was reached on below average trading volume as 104,000 shares traded hands, while the average 30-day volume is approximately 405,000 shares.

In the past 52 weeks, shares of A10 Networks Inc have traded between a low of $5.51 and a high of $7.71 and are now at $7.71, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

A10 Networks Inc. provides computer networking products and security solutions. The Company offers controller, firewall, hardware appliances, protection systems, and other networking products. A10 Networks serves customers worldwide.

A10 Networks Inc has overhead space with shares priced $7.71, or 9.3% below the average consensus analyst price target of $8.50. The stock should discover initial support at its 50-day moving average (MA) of $6.53 and subsequent support at its 200-day MA of $6.50.

SmarTrend recommended that subscribers consider buying shares of A10 Networks Inc on July 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.84. Since that recommendation, shares of A10 Networks Inc have risen 11.1%. We continue to monitor ATEN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows a10 networks inc

Ticker(s): ATEN