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Accenture: 52-Week High Recently Eclipsed (ACN)

By David Diaz

Shares of Accenture (NYSE:ACN) traded at a new 52-week high today of $128.47. This new high was reached on below average trading volume as 278,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.

Accenture Ltd. provides management and technology consulting services and solutions. The Company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis. Accenture's network of businesses provides consulting, technology, outsourcing, and alliances.

In the past 52 weeks, shares of Accenture have traded between a low of $88.43 and a high of $128.47 and are now at $128.22, which is 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

Accenture has overhead space with shares priced $128.22, or 1.6% below the average consensus analyst price target of $130.24. The stock should discover initial support at its 50-day moving average (MA) of $110.53 and subsequent support at its 200-day MA of $104.19.

SmarTrend recommended that subscribers consider buying shares of Accenture on April 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.69. Since that recommendation, shares of Accenture have risen 5.7%. We continue to monitor ACN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows accenture

Ticker(s): ACN