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Shares of Rubicon Project Rise to a New 52-Week High

By David Diaz

Shares of Rubicon Project (NYSE:RUBI) traded at a new 52-week high today of $10.75. So far today approximately 274,000 shares have been exchanged, as compared to an average 30-day volume of 963,000 shares.

Rubicon Project (NYSE:RUBI) is currently priced 66.8% above its average consensus analyst price target of $3.50. Rubicon Project shares have support at the 50-day moving average (MA) of $7.54 and additional support at the 200-day MA of $5.77.

The Rubicon Project, Inc. provides online advertising solutions. The Company offers real-time cloud and big data computing systems. The Rubicon Project serves customers worldwide.

Over the past year, Rubicon Project has traded in a range of $3.00 to $10.75 and is now at $10.55, 252% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.8% while the 50-day MA has advanced 3.7%.

SmarTrend recommended that subscribers consider buying shares of Rubicon Project on June 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.37. Since that recommendation, shares of Rubicon Project have risen 64.5%. We continue to monitor RUBI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows rubicon project

Ticker(s): RUBI