• Return to Headlines

Shares of Mercury Computer Systems Rise to a New 52-Week High

By James Quinn

Shares of Mercury Computer Systems (NASDAQ:MRCY) traded at a new 52-week high today of $40.69. So far today approximately 71,000 shares have been exchanged, as compared to an average 30-day volume of 513,000 shares.

Mercury Computer Systems, Inc. designs, manufactures, and markets real-time digital signal processing computer systems. The Company's systems transform sensor generated data into information which can be displayed as images for human interpretation or subjected to additional computer analysis. Products are marketed to the defense electronics and medical diagnostic imaging businesses.

In the past 52 weeks, Mercury Computer Systems share prices have been bracketed by a low of $6.76 and a high of $40.69 and are now at $40.32, 496% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.6%.

Mercury Computer Systems (NASDAQ:MRCY) defies analysts with a current price ($40.32) 6.6% above its average consensus price target of $37.67. The stock should discover initial support at its 50-day moving average (MA) of $19.12 and subsequent support at its 200-day MA of $17.55.

SmarTrend recommended that subscribers consider buying shares of Mercury Computer Systems on September 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.26. Since that recommendation, shares of Mercury Computer Systems have risen 64.1%. We continue to monitor MRCY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows mercury computer systems

Ticker(s): MRCY