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Recent 52-Week High Exceeded in Shares of Jack Henry & Associates (JKHY)

By Nick Russo

Jack Henry & Associates (NASDAQ:JKHY) traded today at a new 52-week high of $63.12. This new high was reached on below average trading volume as 58,000 shares traded hands, while the average 30-day volume is approximately 332,000 shares.

Jack Henry & Associates, Inc. develops, markets, and installs integrated computer systems for in-house and service bureau data processing to banks and other financial institutions. Jack Henry also performs data conversion and software installation and customization for the implementation of its systems along with continuing customer maintenance.

In the past 52 weeks, shares of Jack Henry & Associates have traded between a low of $35.17 and a high of $63.12 and are now at $62.68, which is 78% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Potential upside of 1.5% exists for Jack Henry & Associates, based on a current level of $62.68 and analysts' average consensus price target of $63.60. Jack Henry & Associates shares have support at the 50-day moving average (MA) of $59.38 and additional support at the 200-day MA of $57.92.

SmarTrend recommended that subscribers consider buying shares of Jack Henry & Associates on October 22nd, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.51. Since that recommendation, shares of Jack Henry & Associates have risen 10.2%. We continue to monitor JKHY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows jack henry & associates

Ticker(s): JKHY