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

By David Diaz

Shares of Xcerra Corp (NASDAQ:XCRA) traded at a new 52-week high today of $12.40. So far today approximately 176,000 shares have been exchanged, as compared to an average 30-day volume of 144,000 shares.

Xcerra Corporation designs, manufactures, and markets automatic test equipment for the semiconductor industry. These products are used to test system-on-a-chip, digital, analog, and mixed-signal integrated circuits. The Company also sells service and applications support for its test systems.

Xcerra Corp has overhead space with shares priced $12.28, or 12.3% below the average consensus analyst price target of $14.00. Xcerra Corp shares have support at the 200-day moving average (MA) of $6.08 and additional support at the 50-day MA of $5.95.

Xcerra Corp share prices have moved between a 52-week high of $12.40 and a 52-week low of $5.14 and are now trading 139% above that low price at $12.28 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Xcerra Corp on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.39. Since that recommendation, shares of Xcerra Corp have risen 90.9%. We continue to monitor XCRA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows xcerra corp

Ticker(s): XCRA