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Splunk Inc: The Winning Streak Continues (SPLK)

By James Quinn

Splunk Inc (NASDAQ:SPLK) traded at a new 52-week high today of $109.76. Approximately 225,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

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) defies analysts with a current price ($109.02) 12.6% above its average consensus price target of $95.26. The stock should discover initial support at its 200-day moving average (MA) of $54.27 and subsequent support at its 50-day MA of $48.25.

In the past 52 weeks, Splunk Inc share prices have been bracketed by a low of $50.60 and a high of $109.76 and are now at $109.02, 115% above that low price. The 200-day and 50-day moving averages have moved 0.83% lower and 2.45% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Splunk Inc on November 6th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.37. Since that recommendation, shares of Splunk Inc have risen 57.8%. 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