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Recent 52-Week High Exceeded in Shares of Aci Worldwide In (ACIW)

By James Quinn

Shares of Aci Worldwide In (NASDAQ:ACIW) traded at a new 52-week high today of $24.40. This new high was reached on below average trading volume as 196,000 shares traded hands, while the average 30-day volume is approximately 464,000 shares.

Potential upside of 5.3% exists for Aci Worldwide In, based on a current level of $23.94 and analysts' average consensus price target of $25.20. The stock should discover initial support at its 200-day moving average (MA) of $21.17 and subsequent support at its 50-day MA of $20.01.

ACI Worldwide, Inc. develops, markets, and supports software products for the global electronics funds transfer market. The Company's products are used to process transactions involving credit cards, debit cards, smart cards, home banking services, checks, and automated clearing and settlement.

In the past 52 weeks, Aci Worldwide In share prices have been bracketed by a low of $15.11 and a high of $24.40 and are now at $23.94, 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Aci Worldwide In on December 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.65. Since that recommendation, shares of Aci Worldwide In have risen 22.7%. We continue to monitor ACIW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows aci worldwide in

Ticker(s): ACIW