One of today's notable stocks on the rise is Finisar (NASDAQ:FNSR), up 2.1% to $16.91. The Dow is up 0.4% to 14,033 and the S&P is currently up 0.4% to 1,526.
There is potential upside of 3.3% for shares of Finisar based on a current price of $16.91 and an average consensus analyst price target of $17.47. The stock should discover initial support at its 50-day moving average (MA) of $15.33 and subsequent support at its 200-day MA of $14.10.
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.
In the past 52 weeks, shares of Finisar have traded between a low of $10.95 and a high of $23.50 and are now at $16.91, which is 54% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 1.79% higher over the past week, respectively.