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Shares of Euronet Worldwide Rise Above Previous 52-Week High

By Shiri Gupta

Euronet Worldwide (NASDAQ:EEFT) traded today at a new 52-week high of $83.11. This new high was reached on below average trading volume as 51,000 shares traded hands, while the average 30-day volume is approximately 269,000 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.

Euronet Worldwide (NASDAQ:EEFT) has potential upside of 2.9% based on a current price of $83.11 and analysts' consensus price target of $85.50. Euronet Worldwide shares have support at the 50-day moving average (MA) of $72.77 and additional support at the 200-day MA of $72.35.

Euronet Worldwide share prices have moved between a 52-week high of $83.11 and a 52-week low of $52.00 and are now trading 60% above that low price at $83.11 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.2%.

SmarTrend recommended that subscribers consider buying shares of Euronet Worldwide on July 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $76.63. Since that recommendation, shares of Euronet Worldwide have risen 8.0%. 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 worldwide

Ticker(s): EEFT