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Shares of Bottomline Tech Has Risen Above Previous 52-Week High

By David Diaz

Bottomline Tech (NASDAQ:EPAY) traded at a new 52-week high today of $29.00. This new high was reached on below average trading volume as 154,000 shares traded hands, while the average 30-day volume is approximately 322,000 shares.

Bottomline Tech share prices have moved between a 52-week high of $29.00 and a 52-week low of $18.48 and are now trading 52% above that low price at $28.00 per share. The 200-day and 50-day moving averages have moved 0.24% lower and 0.78% lower over the past week, respectively.

Bottomline Technologies (de), Inc. provides collaborative payment, invoice and document automation solutions to corporations, financial institutions and banks around the world. The Company's solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents.

Bottomline Tech has overhead space with shares priced $28.00, or 1.2% below the average consensus analyst price target of $28.33. Bottomline Tech shares should first meet resistance at the 200-day moving average (MA) of $28.01 and find additional resistance at the 50-day MA of $29.34.

SmarTrend recommended that subscribers consider buying shares of Bottomline Tech on May 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.84. Since that recommendation, shares of Bottomline Tech have risen 14.4%. We continue to monitor EPAY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows bottomline tech

Ticker(s): EPAY