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Watch for Continued Gains in Shares of Aci Worldwide In (ACIW)

By David Diaz

Aci Worldwide In (NASDAQ:ACIW) traded today at a new 52-week high of $24.50. Approximately 84,000 shares have changed hands today, as compared to an average 30-day volume of 464,000 shares.

ACI Worldwide, Inc. develops, markets, and supports software products for the global electronics funds transfer market. The Company's products are used to process transactions involving credit cards, debit cards, smart cards, home banking services, checks, and automated clearing and settlement.

Aci Worldwide In has overhead space with shares priced $24.38, or 3.3% below the average consensus analyst price target of $25.20. The stock should find initial support at its 200-day moving average (MA) of $21.17 and further support at its 50-day MA of $20.01.

Over the past year, Aci Worldwide In has traded in a range of $15.11 to $24.50 and is now at $24.38, 61% above that low. The 200-day and 50-day moving averages have moved 0.4% lower and 0.71% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Aci Worldwide In on December 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.65. Since that recommendation, shares of Aci Worldwide In have risen 23.5%. We continue to monitor ACIW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows aci worldwide in

Ticker(s): ACIW