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Shares of Virtusa Corp Has Risen Above Previous 52-Week High

By James Quinn

Shares of Virtusa Corp (NASDAQ:VRTU) traded today at $51.49, breaking its 52-week high. Approximately 91,000 shares have changed hands today, as compared to an average 30-day volume of 130,000 shares.

Virtusa Corporation is a global information technology services company. The Company's services include a broad range of information technology services, including IT consulting, technology implementation and application outsourcing.

Over the past year, Virtusa Corp has traded in a range of $18.03 to $51.49 and is now at $51.04, 183% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.7%.

Potential upside of 9.2% exists for Virtusa Corp, based on a current level of $51.04 and analysts' average consensus price target of $55.75. The stock should discover initial support at its 200-day moving average (MA) of $44.94 and subsequent support at its 50-day MA of $35.93.

SmarTrend recommended that subscribers consider buying shares of Virtusa Corp on February 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.33. Since that recommendation, shares of Virtusa Corp have risen 6.7%. We continue to monitor VRTU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows virtusa corp

Ticker(s): VRTU