Nimble Storage (NMBL) : Traders are bullish on Nimble Storage (NMBL) as it has outperformed the S&P 500 by a wide margin of 6.7% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 13.6%, 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 13.79% in the last 1 week, and is up 6.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 11.52% and the 50-Day Moving Average is 10.9%.The 200 Day SMA reached 14.2%
Nimble Storage (NYSE:NMBL): After opening at $8.78, the stock dipped to an intraday low of $8.68 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.89 and the buying power remained strong till the end. The stock closed at $8.83 for the day, a gain of 0.91% for the day session. The total traded volume was 2,114,113. The stocks close on the previous trading day was $8.83.
Nimble Storage (NMBL) : 12 Wall Street analysts covering Nimble Storage (NMBL) believe that the average level the stock could reach for the short term is $11. The maximum price target given is $14 and the minimum target for short term is around $8, hence the standard deviation is calculated at $2.09.
Nimble Storage, Inc. (Nimble Storage) engineers and delivers its customers with data storage platform. The Company has designed and sells a flash-optimized storage platform, Adaptive Flash. With the combination of the Companys file system, Cache Accelerated Sequential Layout (CASL), and its cloud-based storage management and support service, InfoSight, the Companys platform serves an array of enterprises and cloud-based service providers, and the Companys software and storage systems handle mainstream applications, including virtual desktops, databases, e-mail, collaboration and analytics. It enables information technology (IT) organizations to predict, manage and deliver the storage required to improve business applications and workloads across their IT environments. Its end-customers span a range of industries, such as cloud-based service providers, education, financial services, healthcare, manufacturing, state and local government and technology.