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Northern Trust Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Northern Trust (NASDAQ:NTRS) traded today at a new 52-week high of $96.64. So far today approximately 265,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, Northern Trust share prices have been bracketed by a low of $61.32 and a high of $96.64 and are now at $96.40, 57% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.3%.

Based on a current price of $96.40, Northern Trust is currently 1.5% above its average consensus analyst price target of $94.94. The stock should discover initial support at its 200-day moving average (MA) of $68.82 and subsequent support at its 50-day MA of $66.47.

Northern Trust Corporation is a financial holding company that provides investment management, asset and fund administration, fiduciary, and banking solutions for corporations, institutions, and affluent individuals. Northern Trust banking operations are its primary operations.

SmarTrend recommended that subscribers consider buying shares of Northern Trust on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.36. Since that recommendation, shares of Northern Trust have risen 5.6%. We continue to monitor NTRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Northern Trust

Ticker(s): NTRS