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Unisys Corp: New 52-Week Low Set Today (UIS)

By David Diaz

Shares of Unisys Corp (NYSE:UIS) traded today at $9.11, breaking its 52-week low. Approximately 64,000 shares have changed hands today, as compared to an average 30-day volume of 806,000 shares.

In the past 52 weeks, shares of Unisys Corp have traded between the current low of $9.11 and a high of $20.95 and are now at $9.17. The 200-day and 50-day moving averages have moved 0.91% lower and 1.72% lower over the past week, respectively.

Unisys Corporation provides information technology consulting services. The Company offers data analytics, mobility, network, security, and outsourcing services. Unisys serves commercial, financial services, and government sectors globally.

Potential upside of 20.0% exists for Unisys Corp, based on a current level of $9.17 and analysts' average consensus price target of $11.00. The stock should find initial resistance at its 50-day moving average (MA) of $10.41 and further resistance at its 200-day MA of $13.94.

SmarTrend recommended that its subscribers protect gains by selling shares of Unisys Corp on April 16th, 2019 by issuing a Downtrend alert when the shares were trading at $11.17. Since that call, shares of Unisys Corp have fallen 17.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows unisys corp

Ticker(s): UIS