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Shares of Etsy Inc Rise Above Previous 52-Week High

By Amy Schwartz

Etsy Inc (NASDAQ:ETSY) traded at a new 52-week high today of $16.64. This new high was reached on below average trading volume as 748,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Etsy Inc (NASDAQ:ETSY) is currently priced 23.9% above its average consensus analyst price target of $12.61. The stock should discover initial support at its 200-day moving average (MA) of $10.66 and subsequent support at its 50-day MA of $8.74.

In the past 52 weeks, shares of Etsy Inc have traded between a low of $8.56 and a high of $16.64 and are now at $16.58, which is 94% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2% while the 50-day MA has advanced 0.8%.

Etsy, Inc. provides e-commerce services. The Company offers handmade and vintage items, art, and supplies, as well as regular items such as clothing, housewares, paper goods, candles, bags and purses, music, and wood working items. Etsy serves users throughout the United States.

SmarTrend recommended that subscribers consider buying shares of Etsy Inc on May 2nd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.37. Since that recommendation, shares of Etsy Inc have risen 39.8%. We continue to monitor ETSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows etsy inc

Ticker(s): ETSY