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Recent 52-Week High Exceeded in Shares of Pegasystems (PEGA)

By Nick Russo

Shares of Pegasystems (NASDAQ:PEGA) traded at a new 52-week high today of $32.00. This new high was reached on above average trading volume as 256,000 shares traded hands, while the average 30-day volume is approximately 154,000 shares.

Based on a current price of $30.88, Pegasystems is currently 2.8% above its average consensus analyst price target of $30.00. The stock should discover initial support at its 200-day moving average (MA) of $25.68 and subsequent support at its 50-day MA of $25.29.

Pegasystems Inc. develops customer relationship management software. The software automates customer interactions across transaction-intensive enterprises. The Company provides its products to customers in the banking, mutual funds and securities, mortgage services, card services, insurance, healthcare management, and telecommunications industries.

Pegasystems share prices have moved between a 52-week high of $32.00 and a 52-week low of $20.38 and are now trading 51% above that low price at $30.88 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Pegasystems on September 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.26. Since that recommendation, shares of Pegasystems have risen 9.7%. We continue to monitor PEGA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows pegasystems

Ticker(s): PEGA