One of today's notable stocks on the rise is Finisar (NASDAQ:FNSR), up 2.5% to $13.91. The Dow is 13,026 and the S&P is currently 1,416.
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 $13.91, which is 27% above that low price. The 200-day and 50-day moving averages have moved 0.7% lower and 1.42% lower over the past week, respectively.
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.
There is potential upside of 16.2% for shares of Finisar based on a current price of $13.91 and an average consensus analyst price target of $16.17. The stock should find initial resistance at its 50-day moving average (MA) of $13.94 and further resistance at its 200-day MA of $15.94.