• Return to Headlines

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

By Amy Schwartz

New Relic Inc (NYSE:NEWR) traded at a new 52-week high today of $110.96. Approximately 125,000 shares have changed hands today, as compared to an average 30-day volume of 899,000 shares.

New Relic Inc (NYSE:NEWR) is currently priced 21.7% above its average consensus analyst price target of $86.67. The stock should find initial support at its 50-day moving average (MA) of $85.64 and further support at its 200-day MA of $65.53.

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.

In the past 52 weeks, New Relic Inc share prices have been bracketed by a low of $39.11 and a high of $110.96 and are now at $110.71, 183% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.4% while the 50-day MA has advanced 2.4%.

SmarTrend is tracking the current trend status for New Relic Inc and will alert subscribers who have NEWR in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows new relic inc

Ticker(s): NEWR