Shares of Internap Network Services Under Pressure, Down 1.4%

Published on Fri, 07/19/2013 - 12:55
By Robert Cotter in Market movers, INAP, internap network services, market movers, nasdaq:inap

Down 1.4% to $8.63, Internap Network Services (NASDAQ:INAP), is one of today's notable movers. The Dow is trading fractionally lower to 15,525 and the S&P is currently trading fractionally lower to 1,688.

Internap Network Services Corporation provides a broad range of scalable information technology infrastructure services for enterprises including colocation, managed hosting, optimized IP connectivity and content delivery services.

Internap Network Services has overhead space with shares priced $8.63, or 16.8% below the average consensus analyst price target of $10.38. The stock should find initial support at its 50-day moving average (MA) of $8.19 and further support at its 200-day MA of $7.68.

Over the past year, Internap Network Services has traded in a range of $4.35 to $9.60 and is now at $8.63, 98% above that low. The 200-day and 50-day moving averages have moved 0.42% higher and 0.64% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com

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