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Equifax: The Winning Streak Continues (EFX)

By James Quinn

Equifax (NYSE:EFX) traded today at a new 52-week high of $130.60. So far today approximately 51,000 shares have been exchanged, as compared to an average 30-day volume of 631,000 shares.

Equifax (NYSE:EFX) defies analysts with a current price ($130.20) 11.9% above its average consensus price target of $114.67. The stock should find initial support at its 50-day moving average (MA) of $113.09 and further support at its 200-day MA of $106.18.

Equifax share prices have moved between a 52-week high of $130.60 and a 52-week low of $90.94 and are now trading 43% above that low price at $130.20 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

Equifax Inc. brings buyers and sellers together through its information management, transaction processing, direct marketing, and customer relationship management businesses. The company serves the financial services, retail, credit card, telecommunications/utilities, transportation, information technology and healthcare industries and government.

SmarTrend recommended that subscribers consider buying shares of Equifax on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $102.75. Since that recommendation, shares of Equifax have risen 26.6%. We continue to monitor EFX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows equifax

Ticker(s): EFX