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Bullish Moving Average Cross by Global Payments (GPN)

By James Quinn

Today, shares of Global Payments (NYSE:GPN) have advanced above their 10-day MA of $92.19 on a volume of 317K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Global Payments share prices have moved between a 52-week high of $93.31 and a 52-week low of $50.13 and are now trading 85% above that low price at $92.98 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Global Payments on December 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.85. Since that recommendation, shares of Global Payments have risen 27.7%. We continue to monitor GPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses global payments

Ticker(s): GPN