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Recent 52-Week High Exceeded in Shares of Accenture (ACN)

By David Diaz

Shares of Accenture (NYSE:ACN) traded at a new 52-week high today of $119.99. Approximately 198,000 shares have changed hands today, as compared to an average 30-day volume of 2.7 million shares.

Accenture (NYSE:ACN) defies analysts with a current price ($119.89) 10.8% above its average consensus price target of $106.91. The stock should discover initial support at its 50-day moving average (MA) of $110.53 and subsequent support at its 200-day MA of $104.19.

Over the past year, Accenture has traded in a range of $88.43 to $119.99 and is now at $119.89, 36% 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 1.0%.

Accenture Ltd. provides management and technology consulting services and solutions. The Company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis. Accenture's network of businesses provides consulting, technology, outsourcing, and alliances.

SmarTrend recommended that subscribers consider buying shares of Accenture on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.82. Since that recommendation, shares of Accenture have risen 21.0%. We continue to monitor ACN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows accenture

Ticker(s): ACN