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Shares of Accenture Rise Above Previous 52-Week High

By Shiri Gupta

Shares of Accenture (NYSE:ACN) traded at a new 52-week high today of $120.44. So far today approximately 421,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

Based on a current price of $120.36, Accenture is currently 11.2% above its average consensus analyst price target of $106.91. Accenture shares have support at the 50-day moving average (MA) of $110.53 and additional support at the 200-day MA of $104.19.

Accenture Ltd. provides management and technology consulting services and solutions. The Company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis. Accenture's network of businesses provides consulting, technology, outsourcing, and alliances.

In the past 52 weeks, shares of Accenture have traded between a low of $88.43 and a high of $120.44 and are now at $120.36, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Accenture on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.82. Since that recommendation, shares of Accenture have risen 20.9%. We continue to monitor ACN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows accenture

Ticker(s): ACN