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Watch for Continued Losses in Shares of Fireeye Inc (FEYE)

By James Quinn

Shares of Fireeye Inc (NASDAQ:FEYE) traded today at $12.70, breaking its 52-week low. So far today approximately 799,000 shares have been exchanged, as compared to an average 30-day volume of 3.6 million shares.

In the past 52 weeks, Fireeye Inc share prices have been bracketed by a current low of $12.70 and a high of $20.61 and are now at $12.70. The 200-day and 50-day moving averages have moved 0.4% lower and 0.63% lower over the past week, respectively.

Fireeye Inc (NASDAQ:FEYE) has potential upside of 52.6% based on a current price of $12.70 and analysts' consensus price target of $19.38. The stock should run into initial resistance at its 50-day moving average (MA) of $14.75 and subsequent resistance at its 200-day MA of $16.39.

FireEye, Inc. provides malware protection systems and network threat prevention solutions. The Company offers web, email, and file security, as well as malware analysis. FireEye serves customers throughout the United States.

SmarTrend is monitoring the recent change of momentum in Fireeye Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Fireeye Inc in search of a potential trend change.

Keywords: 52 week high/lows fireeye inc

Ticker(s): FEYE