Brocade Communications Systems (NASDAQ:BRCD), a company whose shares are moving quickly, is trading 1.1% higher to $5.48. The S&P is trading lower by 0.2% to 1,417 and the Dow is trading fractionally higher to 13,177.
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.
Brocade Communications Systems has overhead space with shares priced $5.48, or 14.7% below the average consensus analyst price target of $6.43. The stock should hit resistance at its 50-day moving average (MA) of $5.68, as well as support at its 200-day MA of $5.41.
Over the past year, Brocade Communications Systems has traded in a range of $4.18 to $6.44 and is now at $5.48, 31% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 0.69% lower over the past week, respectively.