RightNow Technologies Soars On Piper Upgrade

RightNow Technologies Inc. (RNOW) jumped as much as 15 percent during Wednesday’s trading session. The Web-based customer service provider was raised to “Overweight” from “Neutral” with a $26 price target at Piper Jaffray.

Technically speaking, RNOW lost more than 13% in yesterday’s regular session to close at $19.79 on volume of 1,36 million shares, above average daily volume of 415K. The stock currently trades below its 50-day moving average of $25.14 and is above its 200-day moving average of $19.00.

RNOW continues to climb higher midday, notching new session highs. The equity is nearing its three month high – two week range top from late October 12, at $23.48.

At last check, RightNow Tech shares were up $3.08, or 15.56%, to $22.78.

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About Ron Haruni 1068 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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