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Recent 52-Week High Exceeded in Shares of Bottomline Tech (EPAY)

By Shiri Gupta

Shares of Bottomline Tech (NASDAQ:EPAY) traded today at $31.10, breaking its 52-week high. This new high was reached on approximately average trading volume as 243,000 shares traded hands, while the average 30-day volume is approximately 322,000 shares.

Bottomline Tech share prices have moved between a 52-week high of $31.10 and a 52-week low of $18.48 and are now trading 60% above that low price at $29.65 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.8%.

Bottomline Technologies (de), Inc. provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The Company's solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents.

Bottomline Tech (NASDAQ:EPAY) is currently priced 4.4% above its average consensus analyst price target of $28.33. The stock should find initial support at its 50-day moving average (MA) of $29.34 and further support at its 200-day MA of $28.01.

SmarTrend recommended that subscribers consider buying shares of Bottomline Tech on May 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.84. Since that recommendation, shares of Bottomline Tech have risen 17.1%. We continue to monitor EPAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows bottomline tech

Ticker(s): EPAY