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Shares of New Relic Inc Has Risen Above Previous 52-Week High

By Shiri Gupta

New Relic Inc (NYSE:NEWR) traded at a new 52-week high today of $94.46. Approximately 455,000 shares have changed hands today, as compared to an average 30-day volume of 323,000 shares.

New Relic, Inc. provides cloud based application performance management solutions for cloud and data center applications. The Company offers a solution including real user, application, and availability monitoring features that enable developers and operations teams to manage web application performance in real-time. New Relic conducts its business in the United States.

New Relic Inc share prices have moved between a 52-week high of $94.46 and a 52-week low of $27.20 and are now trading 244% above that low price at $93.54 per share. The 200-day and 50-day moving averages have moved 0.65% lower and 0.3% lower over the past week, respectively.

New Relic Inc (NYSE:NEWR) is currently priced 7.3% above its average consensus analyst price target of $86.67. The stock should find initial support at its 200-day moving average (MA) of $32.46 and further support at its 50-day MA of $25.62.

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

Keywords: 52 week high/lows new relic inc

Ticker(s): NEWR