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

By David Diaz

Today, shares of Global Payments (NYSE:GPN) have crossed bearishly below their 10-day moving average of $158.30 on a volume of 112K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Global Payments share prices have moved between a 52-week high of $172.20 and a 52-week low of $94.81 and are now trading 64% above that low price at $155.49 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Global Payments. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Global Payments in search of a potential trend change.

Keywords: moving crosses global payments

Ticker(s): GPN