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Watch for Continued Gains in Shares of Accenture Plc-A (ACN)

By Nick Russo

Accenture Plc-A (NYSE:ACN) traded today at a new 52-week high of $171.76. This new high was reached on below average trading volume as 120,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

In the past 52 weeks, shares of Accenture Plc-A have traded between a low of $132.27 and a high of $171.76 and are now at $171.51, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

Accenture Plc-A (NYSE:ACN) is currently priced 1.1% above its average consensus analyst price target of $169.56. The stock should discover initial support at its 50-day moving average (MA) of $165.13 and subsequent support at its 200-day MA of $158.26.

Accenture plc 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.

SmarTrend recommended that subscribers consider buying shares of Accenture Plc-A on August 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $165.22. Since that recommendation, shares of Accenture Plc-A have risen 3.1%. 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 plc-a

Ticker(s): ACN