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Shares of Rapid7 Inc Rise to a New 52-Week High

By Amy Schwartz

Rapid7 Inc (NASDAQ:RPD) traded today at a new 52-week high of $33.78. This new high was reached on below average trading volume as 71,000 shares traded hands, while the average 30-day volume is approximately 431,000 shares.

Rapid7, Inc. provides security data and analytic software solutions. The Company offers services to collect, contextualize, and analyze security data to reduce threat exposure and detect compromise in real-time.

Rapid7 Inc (NASDAQ:RPD) has potential upside of 4.5% based on a current price of $33.44 and analysts' consensus price target of $34.93. The stock should discover initial support at its 50-day moving average (MA) of $29.66 and subsequent support at its 200-day MA of $22.93.

Over the past year, Rapid7 Inc has traded in a range of $10.63 to $33.78 and is now at $33.44, 215% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Rapid7 Inc on April 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.76. Since that recommendation, shares of Rapid7 Inc have risen 20.2%. We continue to monitor RPD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows rapid7 inc

Ticker(s): RPD