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Global Payments Bearish Moving Average Crossover Alert (GPN)

By Shiri Gupta

Today, shares of Global Payments (NYSE:GPN) have crossed bearishly below their 10-day moving average of $117.16 on a volume of 147K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Global Payments has traded in a range of $64.63 to $118.94 and is now at $116.46, 80% above that low. The 200-day and 50-day moving averages have moved 0.62% higher and 1.47% higher over the past week, respectively.

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 7.9%. 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