Shares of Progress Softwar Have Risen Above Previous 52-Week High

Published on Thu, 01/11/2018 - 11:20
By Adrienne Chilton in 52 Week high-lows, PRGS, 52 week high/lows, nasdaq:prgs, progress softwar

Progress Softwar (NASDAQ:PRGS) traded today at a new 52-week high of $48.50. So far today approximately 379,000 shares have been exchanged, as compared to an average 30-day volume of 273,000 shares.

In the past 52 weeks, Progress Softwar share prices have been bracketed by a low of $24.20 and a high of $48.50 and are now at $48.29, 100% above that low price. The 200-day and 50-day moving averages have moved 0.38% lower and 0.17% higher over the past week, respectively.

Progress Software Corporation develops, markets, and distributes applications. The Company offers databases, application, messaging servers, and development tools. Progress Software serves customers in the United States.

Based on a current price of $48.29, Progress Softwar is currently 17.2% above its average consensus analyst price target of $40.00. The stock should find initial support at its 200-day moving average (MA) of $25.29 and further support at its 50-day MA of $25.11.

By Adrienne Chilton
achilton@fnno.com

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