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Jack Henry & Associates: The Winning Streak Continues (JKHY)

By David Diaz

Shares of Jack Henry & Associates (NASDAQ:JKHY) traded today at $102.18, breaking its 52-week high. This new high was reached on below average trading volume as 174,000 shares traded hands, while the average 30-day volume is approximately 389,000 shares.

In the past 52 weeks, Jack Henry & Associates share prices have been bracketed by a low of $60.10 and a high of $102.18 and are now at $102.12, 70% above that low price. 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 (NASDAQ:JKHY) is currently priced 14.4% above its average consensus analyst price target of $87.40. The stock should find initial support at its 50-day moving average (MA) of $82.67 and further support at its 200-day MA of $76.71.

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 6.1%. 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