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Watch for Continued Gains in Shares of Broadridge Finl (BR)

By Nick Russo

Broadridge Finl (NYSE:BR) traded today at a new 52-week high of $132.87. Approximately 77,000 shares have changed hands today, as compared to an average 30-day volume of 831,000 shares.

Over the past year, Broadridge Finl has traded in a range of $74.36 to $132.87 and is now at $132.86, 79% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.9%.

Broadridge Finl (NYSE:BR) is currently priced 9.7% above its average consensus analyst price target of $120.00. The stock should discover initial support at its 50-day moving average (MA) of $118.69 and subsequent support at its 200-day MA of $104.96.

Broadridge Financial Solutions, Inc. provides technology-based outsourcing solutions to the financial services industry. The Company offers a broad range of solutions that help clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade, and post-trade processing.

SmarTrend recommended that subscribers consider buying shares of Broadridge Finl on July 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $118.66. Since that recommendation, shares of Broadridge Finl have risen 11.5%. We continue to monitor BR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows broadridge finl

Ticker(s): BR