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Meru Networks, Inc. (MERU) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Computer Communications Equipment
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 07 Jul 2015DojiDojiWed, 01 Jul 20150%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.62 0.00 (0%) Jul 07 3:59pm EDT
Open: N/A Range: N/A Vol: 0K Avg Vol: 298.19K
EPS: -0.88 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "MERU" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 1.62
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 1.63
Last Trade is above the 50 day moving average at 1.51
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 2.65
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MERU

Stock Trend Analysis - Buy, Sell or Hold "Meru Networks, Inc." (MERU)?

MERU is in a very strong downtrend. For the last 52 weeks, MERU has maintained to stay firmly below the 200 day moving average for 97% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. MERU's 20 day moving average is however indicating very good underlying strength but it could be susceptible to some profit taking in the short term as it may be in the overbought zone. Objectively, as long as MERU is trading below its 200 SMA, resistance is going to build up above and traders will be selling into rallies. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MERU".

The analyst consensus estimates for the 1 year price target for this stock is $4.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 07 Jul 2015

News on "MERU" Stock

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