[May 17, 2012] Stock to Watch: 8X8 INC Up 5.7% (EGHT) Tweet May 17, 2012 (SmarTrend(R) Spotlight via COMTEX) -- 8X8 INC (NASDAQ:EGHT) is one of today's best performing low-priced stocks, up 5.7% to $4.08 on 2.0x average daily volume. Thus far today, 8X8 INC has traded 740,000 shares, vs. average volume of 377,000 shares per day. The stock has outperformed the Dow (5.7% to the Dow's -0.2%) and outperformed the S&P 500 (5.7% to the S&P's -0.2%) during today's trading. In the past 52 weeks, 8X8 INC share prices have been bracketed by a low of $2.55 and a high of $5.44 and are now at $4.08, 60% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%. 8X8 INC (NASDAQ:EGHT) has potential upside of 30.8% based on a current price of $4.08 and analysts' consensus price target of $5.34. The stock should hit resistance at its 50-day moving average (MA) of $4.09, as well as support at its 200-day MA of $4.00. 8x8, Inc. provides voice-over-Internet protocol creation platforms, hosted Internet PBX solutions, voice and video semiconductors, and related software. The Company offers service providers the tools to create next-generation Internet protocol network services, while providing telecommunications manufacturers with embedded technology, software stacks, and reference designs. SmarTrend is tracking the current trend status for 8X8 INC and will alert subscribers who have EGHT in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 ]