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

By Shiri Gupta

Shares of Jack Henry & Associates (NASDAQ:JKHY) traded today at $54.65, breaking its 52-week high. This new high was reached on below average trading volume as 51,000 shares traded hands, while the average 30-day volume is approximately 315,000 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.

Jack Henry & Associates (NASDAQ:JKHY) is currently priced 5.4% above its average consensus analyst price target of $51.67. Jack Henry & Associates shares have support at the 50-day moving average (MA) of $51.33 and additional support at the 200-day MA of $47.02.

Jack Henry & Associates share prices have moved between a 52-week high of $54.65 and a 52-week low of $35.17 and are now trading 55% above that low price at $54.60 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.7%.

SmarTrend recommended that subscribers consider buying shares of Jack Henry & Associates on July 9th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.85. Since that recommendation, shares of Jack Henry & Associates have risen 11.4%. 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