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Unisys Corp: The Losing Streak Continues (UIS)

By Shiri Gupta

Shares of Unisys Corp (NYSE:UIS) traded at a new 52-week low today of $8.70. So far today approximately 101,000 shares have been exchanged, as compared to an average 30-day volume of 729,000 shares.

Over the past year, Unisys Corphas traded in a range of $8.70 to $20.95 and are now at $8.70. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 0.3%.

Unisys Corp has overhead space with shares priced $8.70, or 20.9% below the average consensus analyst price target of $11.00. The stock should run into initial resistance at its 50-day moving average (MA) of $9.97 and subsequent resistance at its 200-day MA of $12.00.

Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and business process outsourcing services. The Technology segment designs and develops software, and hardware and other related products.

SmarTrend is monitoring the recent change of momentum in Unisys Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Unisys Corp in search of a potential trend change.

Keywords: 52 week high/lows unisys corp

Ticker(s): UIS