• Return to Headlines

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

By James Quinn

Global Payments (NYSE:GPN) traded at a new 52-week high today of $85.42. So far today approximately 749,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

There is potential upside of 2.7% for shares of Global Payments based on a current price of $84.75 and an average consensus analyst price target of $87.04. The stock should find initial support at its 50-day moving average (MA) of $66.72 and further support at its 200-day MA of $62.80.

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.

In the past 52 weeks, shares of Global Payments have traded between a low of $50.13 and a high of $85.42 and are now at $84.75, which is 69% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.6%.

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 12.9%. 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