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Finisar Shares Up 56.2% Since SmarTrend's Buy Recommendation (FNSR)

By Amy Schwartz

SmarTrend identified an Uptrend for Finisar (NASDAQ:FNSR) on June 17th, 2016 at $18.73. In approximately 4 months, Finisar has returned 56.21% as of today's recent price of $29.25.

Over the past year, Finisar has traded in a range of $10.66 to $31.42 and is now at $29.25, 174% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

Finisar Corporation provides fiber optic subsystems and network performance test systems which enable high-speed data communications over local area network and storage area networks. The Company's line of optical subsystems supports a variety of network applications, transmission speeds, distances, and mediums. Finisar also provides network performance test systems.

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

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

Keywords: spotlights finisar

Ticker(s): FNSR