Recent 52-Week High Exceeded in Shares of Jack Henry & Associates (JKHY)
Shares of Jack Henry & Associates (NASDAQ:JKHY) traded today at $44.80, breaking its 52-week high. This new high was reached on below average trading volume as 86,000 shares traded hands, while the average 30-day volume is approximately 421,000 shares.
Jack Henry & Associates (NASDAQ:JKHY) defies analysts with a current price ($44.68) 2.4% above its average consensus price target of $43.60. The stock should find initial support at its 50-day moving average (MA) of $41.89 and further support at its 200-day MA of $37.79.
In the past 52 weeks, shares of Jack Henry & Associates have traded between a low of $32.17 and a high of $44.80 and are now at $44.68, which is 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.
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.
SmarTrend recommended that subscribers consider buying shares of Jack Henry & Associates on July 2nd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.67. Since that recommendation, shares of Jack Henry & Associates have risen 27.6%. 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