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Watch for Continued Gains in Shares of Pegasystems (PEGA)

By Amy Schwartz

Shares of Pegasystems (NASDAQ:PEGA) traded today at $55.85, breaking its 52-week high. Approximately 797,000 shares have changed hands today, as compared to an average 30-day volume of 154,000 shares.

Pegasystems share prices have moved between a 52-week high of $55.85 and a 52-week low of $20.38 and are now trading 154% above that low price at $51.75 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.4%.

Pegasystems Inc. develops customer relationship management software. The software automates customer interactions across transaction-intensive enterprises. The Company provides its products to customers in the banking, mutual funds and securities, mortgage services, card services, insurance, healthcare management, and telecommunications industries.

Pegasystems (NASDAQ:PEGA) defies analysts with a current price ($51.75) 18.1% above its average consensus price target of $42.40. Pegasystems shares have support at the 200-day moving average (MA) of $25.68 and additional support at the 50-day MA of $25.29.

SmarTrend recommended that subscribers consider buying shares of Pegasystems on April 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.28. Since that recommendation, shares of Pegasystems have risen 7.4%. We continue to monitor PEGA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows pegasystems

Ticker(s): PEGA