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Global Payments Looks to Continue to Trade Above its Annual-High Share Price Today

By Nick Russo

Global Payments (NYSE:GPN) traded at a new 52-week high today of $88.52. So far today approximately 137,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

Global Payments (NYSE:GPN) is currently priced 1.7% above its average consensus analyst price target of $87.04. 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.

Over the past year, Global Payments has traded in a range of $50.13 to $88.52 and is now at $88.52, 77% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.

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 December 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.85. Since that recommendation, shares of Global Payments have risen 22.1%. 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