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Splunk Inc Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Shares of Splunk Inc (NASDAQ:SPLK) traded today at $119.95, breaking its 52-week high. This new high was reached on below average trading volume as 495,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

In the past 52 weeks, Splunk Inc share prices have been bracketed by a low of $54.17 and a high of $119.95 and are now at $119.49, 121% above that low price. The 200-day and 50-day moving averages have moved 0.98% higher and 1.14% higher over the past week, respectively.

Splunk Inc. develops web based application software. The Company provides software that collects, analyzes machine data generated by websites, applications, servers, networks, and mobile devices. Splunk serves customers worldwide.

Splunk Inc (NASDAQ:SPLK) is currently priced 5.1% above its average consensus analyst price target of $113.38. The stock should find initial support at its 50-day moving average (MA) of $109.10 and further support at its 200-day MA of $88.40.

SmarTrend recommended that subscribers consider buying shares of Splunk Inc on April 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.49. Since that recommendation, shares of Splunk Inc have risen 12.6%. We continue to monitor SPLK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows splunk inc

Ticker(s): SPLK