Mentor Graphics (NASDAQ:MENT) is one of today's biggest movers, up 2.0% to $24.54. The Dow Jones Industrial Average is now trading 1.1% higher to 18,149 and the S&P is trading 0.9% higher to 2,109.
Over the past year, Mentor Graphics has traded in a range of $8.50 to $25.43 and is now at $24.54, 189% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.
Mentor Graphics has overhead space with shares priced $24.54, or 13.2% below the average consensus analyst price target of $28.29. The stock should discover initial support at its 50-day moving average (MA) of $23.44 and subsequent support at its 200-day MA of $21.80.
Mentor Graphics Corporation manufactures, markets, and supports software and hardware electronic design automation products. The Company provides related services which enable engineers to design, analyze, simulate, model, implement, and verify the components of electronic systems.