Shares of SolarWinds Under Pressure, Down 99.3%

Published on Fri, 02/15/2013 - 13:13
By Mallory Stone in Market movers, SWI, market movers, nyse:swi, solarwinds

SolarWinds (NYSE:SWI), a company whose shares are moving quickly, is trading 99.3% lower to $53.36. The Dow Jones Industrial Average is now trading fractionally lower to 13,968 and the S&P is trading fractionally lower to 1,520.

Solarwinds, Inc. provides enterprise-class network management software. The Company's products includes individual software tools, products, and help for network management.

In the past 52 weeks, shares of SolarWinds have traded between a low of $35.34 and a high of $60.95 and are now at $53.36, which is 51% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.5%.

Potential upside of 11.6% exists for SolarWinds, based on a current level of $53.36 and analysts' average consensus price target of $59.57. The stock should hit resistance at its 50-day moving average (MA) of $54.53, as well as support at its 200-day MA of $51.51.

By Mallory Stone
mstone@fnno.com

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