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Deluxe Corp: New 52-Week Low Set Today (DLX)

By David Diaz

Deluxe Corp (NYSE:DLX) traded today at a new 52-week low of $51.62. This new low was reached on below average trading volume as 63,000 shares traded hands, while the average 30-day volume is approximately 332,000 shares.

Deluxe Corp has overhead space with shares priced $51.84, or 48.2% below the average consensus analyst price target of $100.00. Deluxe Corp shares should first meet resistance at the 50-day moving average (MA) of $57.48 and find additional resistance at the 200-day MA of $67.60.

Deluxe Corp. offers check printing and related business services. The Company provides customized checks and forms, website development and hosting, email marketing, search engine optimization, logo design, customer acquisition, fraud prevention, and data analysis services. Deluxe serves individual customers, small businesses, and financial institutions.

In the past 52 weeks, shares of Deluxe Corp have traded between the current low of $51.62 and a high of $78.87 and are now at $51.84. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Deluxe Corp on May 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $67.34. Since that call, shares of Deluxe Corp have fallen 22.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows deluxe corp

Ticker(s): DLX