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Shares of Accenture Rise to a New 52-Week High

By Nick Russo

Accenture (NYSE:ACN) traded today at a new 52-week high of $116.99. So far today approximately 285,000 shares have been exchanged, as compared to an average 30-day volume of 2.7 million shares.

Accenture share prices have moved between a 52-week high of $116.99 and a 52-week low of $88.43 and are now trading 32% above that low price at $116.89 per share. 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%.

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.

Accenture (NYSE:ACN) is currently priced 8.5% above its average consensus analyst price target of $106.91. The stock should find initial support at its 50-day moving average (MA) of $110.53 and further support at its 200-day MA of $104.19.

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 18.3%. 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