Luxoft Holding (LXFT) Shares are Down -5.2%

Luxoft Holding (LXFT) : During the past 4 weeks, traders have been relatively bearish on Luxoft Holding (LXFT), hence the stock is down -2.7% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.36% relative to the S&P 500. The 4-week change in the price of the stock is -3.22% and the stock has fallen -5.2% in the past 1 week.

The stock has recorded a 20-day Moving Average of 0.8% and the 50-Day Moving Average is 1.68%.The 200 Day SMA reached 9.64%

Luxoft

Luxoft Holding (NYSE:LXFT): After opening at $52.25, the stock dipped to an intraday low of $50.76 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $53.8 and the buying power remained strong till the end. The stock closed at $52.85 for the day, a gain of 2.72% for the day session. The total traded volume was 599,214. The stocks close on the previous trading day was $52.85.

Luxoft Holding (LXFT) : 6 Wall Street analysts covering Luxoft Holding (LXFT) believe that the average level the stock could reach for the short term is $66.33. The maximum price target given is $85 and the minimum target for short term is around $53, hence the standard deviation is calculated at $12.74.

Luxoft Holding, Inc. is a provider of software development services and information technology (IT) solutions. The Companys software development services consist of custom software development and support, product engineering and testing and technology consulting. The Companys services ranges from handling standard outsourcing client-directed engagements to managed delivery and transformational engagements. The Companys products include Horizon, SuperCloud, Twister and iStockTrack. The Company focuses on six industry verticals: financial services, automotive and transport, telecommunications (telecom), travel and aviation, technology and energy. The Company serves multinational corporations primarily in Western Europe and North America that rely on its IT solutions and software development capabilities for many of their mission critical systems.

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