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Brocade Communications Systems Has Returned 29.2% Since SmarTrend Recommendation (BRCD)

By Amy Schwartz

SmarTrend identified an Uptrend for Brocade Communications Systems (NASDAQ:BRCD) on October 31st, 2016 at $9.78. In approximately 7 months, Brocade Communications Systems has returned 29.24% as of today's recent price of $12.64.

Brocade Communications Systems share prices have moved between a 52-week high of $12.88 and a 52-week low of $7.40 and are now trading 71% above that low price at $12.64 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.5%.

Brocade Communications Systems, Inc. provides switching solutions for storage area networks (SAN). The Company's switching solutions utilize the fiber channel interconnect protocol. Brocade's family of SilkWorm switches enables a company to manage growth of its data storage requirements, improve the data transfer performance, and increase the size of its SAN.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Brocade Communications Systems shares.

Log in and add Brocade Communications Systems (BRCD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights brocade communications systems

Ticker(s): BRCD