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Shares of Match Group Inc Rise to a New 52-Week High

By Amy Schwartz

Match Group Inc (NASDAQ:MTCH) traded at a new 52-week high today of $56.82. So far today approximately 381,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

In the past 52 weeks, Match Group Inc share prices have been bracketed by a low of $13.55 and a high of $56.82 and are now at $56.65, 318% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 2.1%.

Match Group Inc (NASDAQ:MTCH) is currently priced 25.6% above its average consensus analyst price target of $42.15. The stock should find initial support at its 50-day moving average (MA) of $44.30 and further support at its 200-day MA of $40.09.

Match Group, Inc. owns and operates subscription-based online dating websites and applications. The Company offers online dating and matchmaking services. Match Group serves customers worldwide.

SmarTrend recommended that subscribers consider buying shares of Match Group Inc on August 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.30. Since that recommendation, shares of Match Group Inc have risen 23.7%. We continue to monitor MTCH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows match group inc

Ticker(s): MTCH