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Watch for Continued Gains in Shares of Accenture (ACN)

By Amy Schwartz

Shares of Accenture (NYSE:ACN) traded today at $127.98, breaking its 52-week high. Approximately 280,000 shares have changed hands today, as compared to an average 30-day volume of 2.7 million shares.

In the past 52 weeks, shares of Accenture have traded between a low of $88.43 and a high of $127.98 and are now at $127.68, which is 44% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.0%.

Accenture Ltd. provides management and technology consulting services and solutions. The Company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis. Accenture's network of businesses provides consulting, technology, outsourcing, and alliances.

Accenture has overhead space with shares priced $127.68, or 2.0% below the average consensus analyst price target of $130.24. The stock should find initial support at its 50-day moving average (MA) of $110.53 and further support at its 200-day MA of $104.19.

SmarTrend recommended that subscribers consider buying shares of Accenture on April 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.69. Since that recommendation, shares of Accenture have risen 5.3%. We continue to monitor ACN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows accenture

Ticker(s): ACN