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Stock Investors Bid Up Shares of Mentor Graphics, Up 1.5%

Published on Fri, 07/12/2013 - 11:55
By Mallory Stone

Mentor Graphics (NASDAQ:MENT) is a company whose shares are active, trading 1.5% higher to $20.73. The Dow is trading fractionally higher to 15,485 and the S&P is currently trading fractionally higher to 1,676.

Potential upside of 2.3% exists for Mentor Graphics, based on a current level of $20.73 and analysts' average consensus price target of $21.20. The stock should discover initial support at its 50-day moving average (MA) of $18.96 and subsequent support at its 200-day MA of $17.13.

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.

In the past 52 weeks, Mentor Graphics share prices have been bracketed by a low of $8.50 and a high of $20.73 and are now at $20.73, 144% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

By Mallory Stone
mstone@fnno.com