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Quality Systems: The Winning Streak Continues (QSII)

By Nick Russo

Shares of Quality Systems (NASDAQ:QSII) traded today at $18.55, breaking its 52-week high. This new high was reached on below average trading volume as 96,000 shares traded hands, while the average 30-day volume is approximately 434,000 shares.

Quality Systems, Inc. develops and markets healthcare information systems. The Company's systems automate medical and dental group practices, physical hospital organizations, management service organizations, community health centers, and dental schools.

Over the past year, Quality Systems has traded in a range of $10.61 to $18.55 and is now at $18.55, 75% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.7%.

Quality Systems (NASDAQ:QSII) defies analysts with a current price ($18.55) 23.2% above its average consensus price target of $14.25. Quality Systems shares have support at the 50-day moving average (MA) of $14.93 and additional support at the 200-day MA of $14.27.

SmarTrend recommended that subscribers consider buying shares of Quality Systems on March 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.80. Since that recommendation, shares of Quality Systems have risen 30.8%. We continue to monitor QSII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows quality systems

Ticker(s): QSII