Net Element (NETE) Shares are Up 2.31%

Net Element (NETE) : Traders are bullish on Net Element (NETE) as it has outperformed the S&P 500 by a wide margin of 13.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.31% in the last 1 week, and is up 16.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Net Element (NASDAQ:NETE): The stock opened at $2.20 on Friday but the bulls could not build on the opening and the stock topped out at $2.27 for the day. The stock traded down to $2.20 during the day, due to lack of any buying support eventually closed down at $2.21 with a loss of -0.45% for the day. The stock had closed at $2.22 on the previous day. The total traded volume was 168,723 shares.

The stock has recorded a 20-day Moving Average of 4.62% and the 50-Day Moving Average is 4.49%. Net Element, Inc. is up 573.99% in the last 3-month period. Year-to-Date the stock performance stands at 1075.53%.

Net Element (NETE) : 2 investment research analysts covering Net Element (NETE) have an average price target of $9.35 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $4 for the short term. Analysts expect the variance to be within $7.99 of the average price.


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