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Recent 52-Week High Exceeded in Shares of Global Payments (GPN)

By Nick Russo

Global Payments (NYSE:GPN) traded today at a new 52-week high of $77.72. So far today approximately 57,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

Global Payments (NYSE:GPN) defies analysts with a current price ($77.05) 10.2% above its average consensus price target of $69.20. Global Payments shares have support at the 50-day moving average (MA) of $66.72 and additional support at the 200-day MA of $62.80.

Global Payments Inc. provides electronic transaction processing, information systems, and services. The Company serves the financial, corporate, government, and merchant communities on a worldwide basis. Global Payments provides funds transfer, merchant services, merchant accounting, Internet services, and other services.

Global Payments share prices have moved between a 52-week high of $77.72 and a 52-week low of $50.13 and are now trading 54% above that low price at $77.05 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Global Payments on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.65. Since that recommendation, shares of Global Payments have risen 27.1%. We continue to monitor GPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows global payments

Ticker(s): GPN