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Shares of Carbonite Rise Above Previous 52-Week High

By Amy Schwartz

Carbonite (NASDAQ:CARB) traded at a new 52-week high today of $22.80. So far today approximately 258,000 shares have been exchanged, as compared to an average 30-day volume of 81,000 shares.

Carbonite share prices have moved between a 52-week high of $22.80 and a 52-week low of $6.50 and are now trading 251% above that low price at $22.80 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.7%.

Carbonite (NASDAQ:CARB) defies analysts with a current price ($22.80) 5.2% above its average consensus price target of $21.62. Carbonite shares have support at the 200-day moving average (MA) of $9.59 and additional support at the 50-day MA of $7.86.

Carbonite Inc. is a computer service company. The Company services its clients with computer software to retrieve files if lost on the internet.

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

Keywords: 52 week high/lows carbonite

Ticker(s): CARB