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Global Payments: The Winning Streak Continues (GPN)

By Nick Russo

Global Payments (NYSE:GPN) traded at a new 52-week high today of $97.00. This new high was reached on below average trading volume as 213,000 shares traded hands, while the average 30-day volume is approximately 3.4 million shares.

Global Payments (NYSE:GPN) defies analysts with a current price ($96.86) 0.6% above its average consensus price target of $96.23. 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.

Over the past year, Global Payments has traded in a range of $64.63 to $97.00 and is now at $96.86, 50% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.

SmarTrend is tracking the current trend status for Global Payments and will alert subscribers who have GPN in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows global payments

Ticker(s): GPN