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Shares of Gartner Has Risen Above Previous 52-Week High

By Amy Schwartz

Gartner (NYSE:IT) traded at a new 52-week high today of $97.98. Approximately 69,000 shares have changed hands today, as compared to an average 30-day volume of 285,000 shares.

In the past 52 weeks, shares of Gartner have traded between a low of $77.80 and a high of $97.98 and are now at $97.85, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Gartner, Inc. provides research and analysis on the computer hardware, software, communications, and related information technology industries. The Company's business segments include research, consulting, measurement, events and executive programs.

Gartner (NYSE:IT) is currently priced 8.9% above its average consensus analyst price target of $89.10. The stock should discover initial support at its 200-day moving average (MA) of $87.01 and subsequent support at its 50-day MA of $86.81.

SmarTrend recommended that subscribers consider buying shares of Gartner on March 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.77. Since that recommendation, shares of Gartner have risen 13.6%. We continue to monitor IT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows gartner

Ticker(s): IT