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Global Payments: The Winning Streak Continues (GPN)

By Amy Schwartz

Global Payments (NYSE:GPN) traded at a new 52-week high today of $93.88. So far today approximately 104,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

Over the past year, Global Payments has traded in a range of $64.63 to $93.88 and is now at $93.80, 45% above that low. The 200-day and 50-day moving averages have moved 0.62% higher and 1.47% higher over the past week, respectively.

Global Payments has overhead space with shares priced $93.80, or 2.5% below the average consensus analyst price target of $96.23. Global Payments shares have support at the 50-day moving average (MA) of $66.72 and additional support at the 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 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: 52 week high/lows global payments

Ticker(s): GPN