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Match Group Inc: 52-Week High Recently Eclipsed (MTCH)

By Shiri Gupta

Match Group Inc (NASDAQ:MTCH) traded at a new 52-week high today of $23.08. Approximately 527,000 shares have changed hands today, as compared to an average 30-day volume of 1 million shares.

Match Group, Inc. owns and operates subscription-based online dating websites and applications. The Company offers online dating and matchmaking services. Match Group serves customers worldwide.

Match Group Inc (NASDAQ:MTCH) is currently priced 7.9% above its average consensus analyst price target of $20.83. The stock should discover initial support at its 200-day moving average (MA) of $12.08 and subsequent support at its 50-day MA of $11.28.

Match Group Inc share prices have moved between a 52-week high of $23.08 and a 52-week low of $13.55 and are now trading 67% above that low price at $22.62 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Match Group Inc on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.97. Since that recommendation, shares of Match Group Inc have risen 17.8%. We continue to monitor MTCH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows match group inc

Ticker(s): MTCH