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Global Payments: 52-Week High Recently Eclipsed (GPN)

By Shiri Gupta

Global Payments (NYSE:GPN) traded at a new 52-week high today of $118.83. So far today approximately 167,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

Over the past year, Global Payments has traded in a range of $64.63 to $118.83 and is now at $118.62, 84% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.6%.

Global Payments (NYSE:GPN) has potential upside of 3.8% based on a current price of $118.62 and analysts' consensus price target of $123.07. The stock should discover initial support at its 50-day moving average (MA) of $66.72 and subsequent support at its 200-day MA of $62.80.

Global Payments Inc. provides electronic transaction processing, information systems, and services. The Company serves the financial, corporate, government, and merchant communities on a worldwide basis. Global Payments provides funds transfer, merchant services, merchant accounting, Internet services, and other services.

SmarTrend recommended that subscribers consider buying shares of Global Payments on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $109.04. Since that recommendation, shares of Global Payments have risen 8.4%. We continue to monitor GPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows global payments

Ticker(s): GPN