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Recent 52-Week High Exceeded in Shares of Perficient Inc (PRFT)

By Nick Russo

Perficient Inc (NASDAQ:PRFT) traded at a new 52-week high today of $32.25. So far today approximately 76,000 shares have been exchanged, as compared to an average 30-day volume of 193,000 shares.

Over the past year, Perficient Inc has traded in a range of $20.92 to $32.25 and is now at $32.25, 54% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.2%.

Perficient, Inc. is an information technology consulting firm. The Firm designs and delivers business-driven information technology solutions, such as business analysis, portal, content management, business integration, SOA, commerce, business intelligence, and customer relation management (CRM). Perficient serves clients from a network of domestic and global locations.

Based on a current price of $32.25, Perficient Inc is currently 14.7% above its average consensus analyst price target of $27.50. The stock should find initial support at its 50-day moving average (MA) of $28.23 and further support at its 200-day MA of $26.41.

SmarTrend recommended that subscribers consider buying shares of Perficient Inc on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.28. Since that recommendation, shares of Perficient Inc have risen 35.7%. We continue to monitor PRFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows perficient inc

Ticker(s): PRFT