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Stock Investors Bid Up Shares of Sourcefire, Up 1.2%

Published on Thu, 03/28/2013 - 10:24
By Peter Chu

Sourcefire (NASDAQ:FIRE), a company whose shares are moving quickly, is trading 1.2% higher to $57.59. The S&P is trading fractionally higher to 1,565 and the Dow is trading 0.2% higher to 14,561.

Over the past year, Sourcefire has traded in a range of $39.50 to $59.64 and is now at $57.59, 46% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.8%.

Sourcefire Inc. provides real-time network defense solutions. The Company's solutions encompass hardware and web-based Analysis Interface for real-time and forensic reporting and analysis.

There is potential upside of 1.2% for shares of Sourcefire based on a current price of $57.59 and an average consensus analyst price target of $58.27. The stock should find initial support at its 50-day moving average (MA) of $48.83 and further support at its 200-day MA of $48.34.

By Peter Chu
pchu@fnno.com