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Gartner: 52-Week High Recently Eclipsed (IT)

By Nick Russo

Gartner (NYSE:IT) traded today at a new 52-week high of $97.05. This new high was reached on below average trading volume as 74,000 shares traded hands, while the average 30-day volume is approximately 285,000 shares.

In the past 52 weeks, Gartner share prices have been bracketed by a low of $77.80 and a high of $97.05 and are now at $96.73, 24% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Gartner, Inc. provides research and analysis on the computer hardware, software, communications, and related information technology industries. The Company's business segments include research, consulting, measurement, events and executive programs.

Gartner (NYSE:IT) is currently priced 7.9% above its average consensus analyst price target of $89.10. The stock should discover initial support at its 200-day moving average (MA) of $87.01 and subsequent support at its 50-day MA of $86.81.

SmarTrend is tracking the current trend status for Gartner and will alert subscribers who have IT in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows gartner

Ticker(s): IT