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Sabre Corp Looks to Continue to Trade Below its Annual-Low Share Price Today

By David Diaz

Sabre Corp (NASDAQ:SABR) traded today at a new 52-week low of $17.81. This new low was reached on below average trading volume as 266,000 shares traded hands, while the average 30-day volume is approximately 2.4 million shares.

Sabre Corporation provides technology solutions to the global travel and tourism industry. The Company offers tours and travel services, as well as, online reservations for airlines, hotels, cruises, car rental companies, and vacation packages.

Sabre Corp (NASDAQ:SABR) has potential upside of 50.9% based on a current price of $17.96 and analysts' consensus price target of $27.10. The stock should find initial resistance at its 200-day moving average (MA) of $27.87 and further resistance at its 50-day MA of $28.20.

Over the past year, Sabre Corphas traded in a range of $17.81 to $29.63 and are now at $17.96. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sabre Corp on June 6th, 2017 by issuing a Downtrend alert when the shares were trading at $22.49. Since that call, shares of Sabre Corp have fallen 20.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows sabre corp

Ticker(s): SABR