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Acxiom Corp Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Acxiom Corp (NASDAQ:ACXM) traded at a new 52-week high today of $46.98. This new high was reached on below average trading volume as 62,000 shares traded hands, while the average 30-day volume is approximately 613,000 shares.

Acxiom Corporation operates as a marketing technology and services company. The Company provides the data foundation for marketers around the world. Acxiom offers products and services that enable people-based marketing.

Acxiom Corp (NASDAQ:ACXM) defies analysts with a current price ($46.76) 28.9% above its average consensus price target of $33.25. The stock should discover initial support at its 50-day moving average (MA) of $43.26 and subsequent support at its 200-day MA of $31.75.

Acxiom Corp share prices have moved between a 52-week high of $46.98 and a 52-week low of $18.60 and are now trading 151% above that low price at $46.76 per share. The 200-day and 50-day moving averages have moved 0.92% higher and 2.07% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Acxiom Corp on May 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.87. Since that recommendation, shares of Acxiom Corp have risen 66.5%. We continue to monitor ACXM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows acxiom corp

Ticker(s): ACXM