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Watch for Continued Gains in Shares of Fleetcor Technol (FLT)

By Shiri Gupta

Fleetcor Technol (NYSE:FLT) traded today at a new 52-week high of $267.32. So far today approximately 96,000 shares have been exchanged, as compared to an average 30-day volume of 407,000 shares.

FleetCor Technologies Inc. is an independent global provider of specialized payment products and services to commercial fleets, major oil companies and petroleum markets. The Company serves commercial accounts in countries in North America, Europe, Africa and Asia.

Fleetcor Technol (NYSE:FLT) is currently priced 10.3% above its average consensus analyst price target of $237.78. Fleetcor Technol shares have support at the 50-day moving average (MA) of $244.98 and additional support at the 200-day MA of $215.14.

In the past 52 weeks, Fleetcor Technol share prices have been bracketed by a low of $172.18 and a high of $267.32 and are now at $265.16, 54% 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 0.6%.

SmarTrend recommended that subscribers consider buying shares of Fleetcor Technol on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $187.67. Since that recommendation, shares of Fleetcor Technol have risen 32.5%. We continue to monitor FLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows fleetcor technol

Ticker(s): FLT