Buyers Accumulate Shares of Finisar, Up 2.1%

Published on Wed, 01/21/2015 - 12:11
By FNN Staff in Market movers, FNSR, finisar, market movers, nasdaq:fnsr

Finisar (NASDAQ:FNSR) is one of today's notable stocks on the rise, up 2.1% to $18.85. The S&P is trading higher by 0.6% to 2,035 and the Dow is trading 0.3% higher to 17,565.

Finisar (NASDAQ:FNSR) has potential upside of 13.3% based on a current price of $18.85 and analysts' consensus price target of $21.35. The stock should find resistance at its 200-day moving average (MA) of $19.96, as well as support at its 50-day MA of $18.10.

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 $14.22 and a high of $28.85 and are now at $18.85, which is 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.4%.

By FNN Staff
root@fnn-online.com

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