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

Published on Fri, 03/20/2015 - 12:26
By Peter Chu in Market movers, MENT, market movers, mentor graphics, nasdaq:ment

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.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Stein Mart: New 52-Week Low Set Today (S...

Stein Mart (NASDAQ:SMRT) traded today at a new 52-week low of $10.71. So far today app ...

Recent 52-Week High Exceeded in Shares o...

Shares of Skechers U.S.A. (NYSE:SKX) traded today at $108.24, breaking its 52-week high ...

Shaw Communications Looks to Continue to...

Shaw Communications (NYSE:SJR) traded today at a new 52-week low of $21.71. So far tod ...

Shares of Silicon Motion Technology Rise...

Shares of Silicon Motion Technology (NASDAQ:SIMO) traded today at $35.83, breaking its ...

Shares of Silicon Graphics International...

Shares of Silicon Graphics International (NYSE:SGI) traded at a new 52-week low today o ...

Shares of StanCorp Financial Group Rise ...

Shares of StanCorp Financial Group (NYSE:SFG) traded today at $76.06, breaking its 52-w ...

Starbucks: 52-Week High Recently Eclipse...

Shares of Starbucks (NASDAQ:SBUX) traded today at $52.23, breaking its 52-week high. A ...

Rubicon Technology Looks to Continue to ...

Rubicon Technology (NASDAQ:RBCN) traded today at a new 52-week low of $2.66. This new ...