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Jack Henry & Associates Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of Jack Henry & Associates (NASDAQ:JKHY) traded today at $105.71, breaking its 52-week high. This new high was reached on below average trading volume as 103,000 shares traded hands, while the average 30-day volume is approximately 389,000 shares.

Jack Henry & Associates (NASDAQ:JKHY) is currently priced 17.3% above its average consensus analyst price target of $87.40. Jack Henry & Associates shares have support at the 50-day moving average (MA) of $82.67 and additional support at the 200-day MA of $76.71.

Over the past year, Jack Henry & Associates has traded in a range of $60.10 to $105.71 and is now at $105.71, 76% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

Jack Henry & Associates, Inc. develops, markets, and installs integrated computer systems for in-house and service bureau data processing to banks and other financial institutions. Jack Henry also performs data conversion and software installation and customization for the implementation of its systems along with continuing customer maintenance.

SmarTrend recommended that subscribers consider buying shares of Jack Henry & Associates on April 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.88. Since that recommendation, shares of Jack Henry & Associates have risen 10.8%. We continue to monitor JKHY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows jack henry & associates

Ticker(s): JKHY