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Watch for Continued Gains in Shares of Sabre Corp (SABR)

By Amy Schwartz

Sabre Corp (NASDAQ:SABR) traded today at a new 52-week high of $26.36. So far today approximately 138,000 shares have been exchanged, as compared to an average 30-day volume of 3 million shares.

Sabre Corp (NASDAQ:SABR) defies analysts with a current price ($26.27) 1.0% above its average consensus price target of $26.00. The stock should find initial support at its 50-day moving average (MA) of $22.61 and further support at its 200-day MA of $20.59.

Sabre Corporation provides technology solutions to the global travel and tourism industry. The Company offers tours and travel services, as well as, online reservations for airlines, hotels, cruises, car rental companies, and vacation packages.

Over the past year, Sabre Corp has traded in a range of $17.30 to $26.36 and is now at $26.27, 52% above that low. The 200-day and 50-day moving averages have moved 0.58% higher and 1.28% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Sabre Corp on May 1st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.72. Since that recommendation, shares of Sabre Corp have risen 15.4%. We continue to monitor SABR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows sabre corp

Ticker(s): SABR