• Return to Headlines

Watch for Continued Gains in Shares of Match Group Inc (MTCH)

By James Quinn

Shares of Match Group Inc (NASDAQ:MTCH) traded today at $22.38, breaking its 52-week high. So far today approximately 839,000 shares have been exchanged, as compared to an average 30-day volume of 1 million shares.

Match Group Inc (NASDAQ:MTCH) defies analysts with a current price ($22.34) 6.7% above its average consensus price target of $20.83. Match Group Inc shares have support at the 200-day moving average (MA) of $12.08 and additional support at the 50-day MA of $11.28.

Match Group, Inc. owns and operates subscription-based online dating websites and applications. The Company offers online dating and matchmaking services. Match Group serves customers worldwide.

Over the past year, Match Group Inc has traded in a range of $13.55 to $22.38 and is now at $22.34, 65% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Match Group Inc on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.97. Since that recommendation, shares of Match Group Inc have risen 11.8%. We continue to monitor MTCH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows match group inc

Ticker(s): MTCH