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Shares of Global Payments Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Global Payments (NYSE:GPN) traded at a new 52-week high today of $86.91. So far today approximately 195,000 shares have been exchanged, as compared to an average 30-day volume of 3.4 million shares.

Global Payments has overhead space with shares priced $86.50, or 0.6% below the average consensus analyst price target of $87.04. Global Payments shares have support at the 50-day moving average (MA) of $66.72 and additional support at the 200-day MA of $62.80.

Global Payments Inc. provides electronic transaction processing, information systems, and services. The Company serves the financial, corporate, government, and merchant communities on a worldwide basis. Global Payments provides funds transfer, merchant services, merchant accounting, Internet services, and other services.

Over the past year, Global Payments has traded in a range of $50.13 to $86.91 and is now at $86.50, 73% above that low. The 200-day and 50-day moving averages have moved 0.62% higher and 1.47% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Global Payments on December 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.85. Since that recommendation, shares of Global Payments have risen 19.8%. We continue to monitor GPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows global payments

Ticker(s): GPN