Today, shares of CommVault Systems (NASDAQ:CVLT) have advanced above their 10-day MA of $74.24 on a volume of 172K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
CommVault Systems, Inc. provides data management software applications and related services. The Company develops, markets, and sells a suite of data management software applications designed to protect and manage data throughout its lifecycle.
CommVault Systems (NASDAQ:CVLT) has potential upside of 3.3% based on a current price of $74.45 and analysts' consensus price target of $76.92. CommVault Systems shares have support at the 50-day moving average (MA) of $72.80 and additional support at the 200-day MA of $58.61.
CommVault Systems share prices have moved between a 52-week high of $79.53 and a 52-week low of $38.51 and are now trading 93% above that low price at $74.45 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.9%.