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Recent 52-Week High Exceeded in Shares of Northern Trust (NTRS)

By Nick Russo

Northern Trust (NASDAQ:NTRS) traded today at a new 52-week high of $94.37. Approximately 203,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

Northern Trust (NASDAQ:NTRS) defies analysts with a current price ($93.86) 4.3% above its average consensus price target of $89.79. Northern Trust shares have support at the 200-day moving average (MA) of $68.82 and additional support at the 50-day MA of $66.47.

Over the past year, Northern Trust has traded in a range of $54.38 to $94.37 and is now at $93.86, 73% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.3%.

Northern Trust Corporation is a financial holding company that provides investment management, asset and fund administration, fiduciary, and banking solutions for corporations, institutions, and affluent individuals. Northern trusts banking operations are its primary operations.

SmarTrend recommended that subscribers consider buying shares of Northern Trust on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.36. Since that recommendation, shares of Northern Trust have risen 3.9%. We continue to monitor NTRS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Northern Trust

Ticker(s): NTRS