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Shares of Xcerra Corp Rise Above Previous 52-Week High

By Shiri Gupta

Xcerra Corp (NASDAQ:XCRA) traded today at a new 52-week high of $11.54. Approximately 123,000 shares have changed hands today, as compared to an average 30-day volume of 144,000 shares.

Xcerra Corp share prices have moved between a 52-week high of $11.54 and a 52-week low of $5.14 and are now trading 123% above that low price at $11.48 per share. The 200-day and 50-day moving averages have moved 0.25% lower and 0.57% higher over the past week, respectively.

There is potential upside of 22.0% for shares of Xcerra Corp based on a current price of $11.48 and an average consensus analyst price target of $14.00. The stock should find initial support at its 200-day moving average (MA) of $6.08 and further support at its 50-day MA of $5.95.

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.

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 79.6%. 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