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Guidewire Softwa: 52-Week High Recently Eclipsed (GWRE)

By David Diaz

Shares of Guidewire Softwa (NYSE:GWRE) traded at a new 52-week high today of $104.49. Approximately 196,000 shares have changed hands today, as compared to an average 30-day volume of 756,000 shares.

In the past 52 weeks, Guidewire Softwa share prices have been bracketed by a low of $70.06 and a high of $104.49 and are now at $104.36, 49% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

Guidewire Softwa (NYSE:GWRE) is currently priced 9.8% above its average consensus analyst price target of $94.14. The stock should discover initial support at its 50-day moving average (MA) of $94.74 and subsequent support at its 200-day MA of $85.89.

Guidewire Software Inc. develops and publishes enterprise software for the property and casualty insurance industry. The Company's software supports the workflow, collaboration with external partners, and rule-based decision-making that characterize modern underwriting and claims operations. Guidewire Software serves customers in the United States.

SmarTrend recommended that subscribers consider buying shares of Guidewire Softwa on August 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $91.92. Since that recommendation, shares of Guidewire Softwa have risen 11.9%. We continue to monitor GWRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows guidewire softwa

Ticker(s): GWRE