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Recent 52-Week High Exceeded in Shares of Amer Software-A (AMSWA)

By James Quinn

Shares of Amer Software-A (NASDAQ:AMSWA) traded at a new 52-week high today of $20.00. So far today approximately 61,000 shares have been exchanged, as compared to an average 30-day volume of 77,000 shares.

American Software, Inc. develops, markets, and supports application software solutions and services. The Company's software and services support operations over intranets, extranets, client, servers, and the internet. American Software serves customers in the United States.

In the past 52 weeks, Amer Software-A share prices have been bracketed by a low of $8.99 and a high of $20.00 and are now at $14.92, 66% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.3%.

Amer Software-A (NASDAQ:AMSWA) is currently priced 1.1% above its average consensus analyst price target of $14.75. The stock should find initial support at its 50-day moving average (MA) of $13.87 and further support at its 200-day MA of $12.40.

SmarTrend recommended that subscribers consider buying shares of Amer Software-A on August 20th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.25. Since that recommendation, shares of Amer Software-A have risen 4.8%. We continue to monitor AMSWA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows amer software-a

Ticker(s): AMSWA