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

By Amy Schwartz

Shares of Accenture (NYSE:ACN) traded today at $122.30, breaking its 52-week high. This new high was reached on approximately average trading volume as 2.1 million shares traded hands, while the average 30-day volume is approximately 2.7 million shares.

In the past 52 weeks, shares of Accenture have traded between a low of $88.43 and a high of $122.30 and are now at $121.31, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.25% higher and 1.04% higher over the past week, respectively.

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.

Accenture (NYSE:ACN) is currently priced 11.9% above its average consensus analyst 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.

SmarTrend is monitoring the recent change of momentum in Accenture. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Accenture in search of a potential trend change.

Keywords: 52 week high/lows accenture

Ticker(s): ACN