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Watch for Continued Gains in Shares of Cbiz Inc (CBZ)

By Amy Schwartz

Shares of Cbiz Inc (NYSE:CBZ) traded at a new 52-week high today of $24.69. So far today approximately 123,000 shares have been exchanged, as compared to an average 30-day volume of 191,000 shares.

Based on a current price of $24.55, Cbiz Inc is currently 30.8% above its average consensus analyst price target of $17.00. The stock should find initial support at its 50-day moving average (MA) of $22.32 and further support at its 200-day MA of $20.64.

CBIZ, Inc. provides professional business services to companies throughout the United States. The Company provides accounting and tax, employee benefits, wealth management, property and casualty insurance, payroll, and HR consulting services. CBIZ also provides internal audit, litigation advisory, healthcare consulting, medical practice management, and other services.

Over the past year, Cbiz Inc has traded in a range of $18.64 to $24.69 and is now at $24.55, 32% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Cbiz Inc on July 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.82. Since that recommendation, shares of Cbiz Inc have risen 16.8%. We continue to monitor CBZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cbiz inc

Ticker(s): CBZ