• Return to Headlines

Global Payments: The Winning Streak Continues (GPN)

By Shiri Gupta

Global Payments (NYSE:GPN) traded today at a new 52-week high of $90.69. So far today approximately 71,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

Global Payments share prices have moved between a 52-week high of $90.69 and a 52-week low of $50.13 and are now trading 81% above that low price at $90.61 per share. 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%.

Global Payments (NYSE:GPN) is currently priced 3.9% above its 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.

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 25.3%. 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