Compuware (NASDAQ:CPWR) has opened bearishly below the pivot of $10.88 today and has reached the first level of support at $10.78. Should the shares continue to fall, the support pivots of $10.70 and $10.52 will be of interest.
In the past 52 weeks, Compuware share prices have been bracketed by a low of $7.97 and a high of $12.74 and are now at $10.77, 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.
There is potential upside of 15.3% for shares of Compuware based on a current price of $10.77 and an average consensus analyst price target of $12.42. The stock should find resistance at its 50-day moving average (MA) of $11.49, as well as support at its 200-day MA of $10.71.
Compuware Corporation provides software products and information technology(IT) solutions. The Company offers a set of integrated solutions for enterprise IT including IT portfolio management, application development, quality assurance and IT service management.