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Shares of Euronet Worldwid Has Risen Above Previous 52-Week High

By James Quinn

Euronet Worldwid (NASDAQ:EEFT) traded at a new 52-week high today of $102.21. So far today approximately 79,000 shares have been exchanged, as compared to an average 30-day volume of 283,000 shares.

Euronet Worldwide, Inc. provides electronic financial transaction solutions. The Company offers financial payment middleware, financial network gateways, outsourcing, and consulting services to financial institutions and mobile operators. Euronet has processing centers located in the United States, Europe, and Asia.

There is potential upside of 1.6% for shares of Euronet Worldwid based on a current price of $102.21 and an average consensus analyst price target of $103.80. The stock should discover initial support at its 50-day moving average (MA) of $92.57 and subsequent support at its 200-day MA of $87.04.

Euronet Worldwid share prices have moved between a 52-week high of $102.21 and a 52-week low of $65.33 and are now trading 56% above that low price at $102.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Euronet Worldwid on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.54. Since that recommendation, shares of Euronet Worldwid have risen 30.8%. We continue to monitor EEFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows euronet worldwid

Ticker(s): EEFT