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Internap Network Services Corporation (INAP) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Computer Software: Programming, Data Processing
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017HammerBearish EngulfingThu, 21 Sep 20170.49%
***Stock database and scans are updated around midnight (New York time) every trading day.
4.14 0.00 (0%) Sep 22 4:00pm EDT
Open: 4.11 Range: 4.07 - 4.14 Vol: 920.83K Avg Vol: 1.07M
EPS: -2.12 P/E ratio: 0.00 EBITDA: 71.04M Mkt Cap: 329.16M
Analyze "INAP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 4.14
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 4.31
Last Trade is below the 50 day moving average at 4.24
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 3.10
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of INAP

Stock Trend Analysis - Buy, Sell or Hold "Internap Network Services Corporation" (INAP)?

INAP is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 57% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation INAP will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 3.10. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "INAP".

The analyst consensus estimates for the 1 year price target for this stock is $5.04* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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