Global Payments Bullish Moving Average Crossover Alert (GPN)
Global Payments (NYSE:GPN) crossed over its 10-day moving average of $74.44 on a volume of 142K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Global Payments share prices have moved between a 52-week high of $78.92 and a 52-week low of $50.13 and are now trading 50% above that low price at $75.31 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.
SmarTrend recommended that subscribers consider buying shares of Global Payments on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.65. Since that recommendation, shares of Global Payments have risen 22.5%. 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