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

By Nick Russo

Shares of Bottomline Tech (NASDAQ:EPAY) traded today at $41.04, breaking its 52-week high. So far today approximately 173,000 shares have been exchanged, as compared to an average 30-day volume of 322,000 shares.

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.

In the past 52 weeks, Bottomline Tech share prices have been bracketed by a low of $18.48 and a high of $41.04 and are now at $40.62, 120% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.2%.

Potential upside of 3.6% exists for Bottomline Tech, based on a current level of $40.62 and analysts' average consensus price target of $42.07. 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 66.7%. 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