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Watch for Continued Gains in Shares of Global Payments (GPN)

By James Quinn

Global Payments (NYSE:GPN) traded at a new 52-week high today of $94.33. Approximately 67,000 shares have changed hands today, as compared to an average 30-day volume of 3.4 million shares.

Global Payments Inc. provides electronic transaction processing, information systems, and services. The Company serves the financial, corporate, government, and merchant communities on a worldwide basis. Global Payments provides funds transfer, merchant services, merchant accounting, Internet services, and other services.

In the past 52 weeks, shares of Global Payments have traded between a low of $64.63 and a high of $94.33 and are now at $93.90, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.6%.

Global Payments (NYSE:GPN) has potential upside of 2.5% based on a current price of $93.90 and analysts' consensus price target of $96.23. The stock should find initial support at its 50-day moving average (MA) of $66.72 and further support at its 200-day MA of $62.80.

SmarTrend is monitoring the recent change of momentum in Global Payments. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Global Payments in search of a potential trend change.

Keywords: 52 week high/lows global payments

Ticker(s): GPN