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Global Payments Crosses Above its 10-day MA (GPN)

By David Diaz

Global Payments (NYSE:GPN) shares have crossed bullishly above their 10-day moving average of $127.52 on a volume of 231K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Global Payments have traded between a low of $92.97 and a high of $129.25 and are now at $128.43, which is 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Global Payments on August 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $118.07. Since that recommendation, shares of Global Payments have risen 7.7%. 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