Barnes & Noble's stock is up 0.6% to $16.79 on heavy trading volume. Approximately 2.1 million shares have changed hands today vs. average 30-day volume of 1.6 million shares. Unusually high volume can signify a potential turning point or validate a breakout.
There is potential upside of 25.1% for shares of Barnes & Noble based on a current price of $16.79 and an average consensus analyst price target of $21.00. The stock should discover initial support at its 200-day moving average (MA) of $14.39 and subsequent support at its 50-day MA of $14.07.
Over the past year, Barnes & Noble has traded in a range of $10.45 to $26.00 and is now at $16.79, 61% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.9%.
Barnes & Noble, Inc. operates superstores and mall-based bookstores throughout the US. The Company operates book superstores under the names Barnes & Noble Booksellers, Bookstop, and Bookstar. Barnes & Noble also operates bookstores in shopping malls under the names B. Dalton Bookseller, Doubleday Book Shops, and Scribner's Bookstore.