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

By David Diaz

Shares of Blackbaud (NASDAQ:BLKB) traded today at $89.15, breaking its 52-week high. So far today approximately 164,000 shares have been exchanged, as compared to an average 30-day volume of 190,000 shares.

Blackbaud, Inc. provides software and related services designed specifically for non-profit organizations. The Company's products and services enable non-profit organizations to increase donations, reduce fundraising costs, improve communication with constituents, manage their finances, and optimize internal operations.

Blackbaud (NASDAQ:BLKB) defies analysts with a current price ($88.89) 13.5% above its average consensus price target of $76.88. Blackbaud shares have support at the 50-day moving average (MA) of $61.02 and additional support at the 200-day MA of $60.31.

In the past 52 weeks, shares of Blackbaud have traded between a low of $49.89 and a high of $89.15 and are now at $88.89, which is 78% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Blackbaud on February 13th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.04. Since that recommendation, shares of Blackbaud have risen 21.9%. We continue to monitor BLKB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows blackbaud

Ticker(s): BLKB