NetSuite Set to Possibly Pullback After Yesterday's Rally of 3.61%
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Recording  |  SIP Trunking  |  Fax Software  |  Load Balancer  |  PBX  |  SIP Phones  |  Small Cells
Webinars
Channels by Topic
Share
 
| More
RSS-XML alerts
Print this page
E-mail this page to a friend
TMCnews
[February 14, 2012]

NetSuite Set to Possibly Pullback After Yesterday's Rally of 3.61%

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- NetSuite (NYSE:N) traded in a range yesterday that spanned from a low of $45.87 to a high of $48.00. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $47.81 on volume of 754,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


SmarTrend recommended that subscribers consider buying shares of NetSuite on January 24th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.14. Since that recommendation, shares of NetSuite have risen 9.1%. We continue to monitor N for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of NetSuite have traded between a low of $25.32 and a high of $48.81 and are now at $47.65, which is 88% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To TMCnet.com's Homepage ]

Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
Human Capital Asset Management and Workforce Optimization
Mobile Bill Shock: Leveraging FCCRegulations to Enhance the Subscriber Experience and Create Stronger Subscriber Loyalty
WiMAX Business Deployment Guide: Portability, not mobility, may be what makes WiMAX an attractive option for your current business broadband needs
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Voice2Phone Looks to Bring Third Party Vendors into the Fold
As Video, Content and Communications Ecosystems are Challenged, Lawsui…
Twelect App Keeps Users Updated on 2012 Presidential Election
VoIPdito & VoIP Innovations Bring E911 Emergency Service to the …
Too Much Information is Overwhelming Doctors, Hospitals
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
TMCnet VoIP Routers Week in Review
TMCnet Next Generation Communications Week in Review
Alcatel's AppGlide Provides Holistic View of the End-user Online Video Experience
Tekelec Adds Ten More DSR Clients
Alcatel-Lucent Goes on Tour
blog comments powered by Disqus

Upcoming Events

ITEXPO West 2012
October 2- 5, 2012
The Austin Convention Center
Austin, Texas
Mobility Tech Conference & Expo
October 3- 5, 2012
The Austin Convention Center
Austin, Texas
MSPAlliance MSPWorld™
October 3- 5, 2012
The Austin Convention Center
Austin, Texas

DevCon5
DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>
Subscribe FREE to all of TMC's monthly magazines. Click here now.