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Watch for Continued Gains in Shares of Thomson Reuters (TRI)

By Amy Schwartz

Shares of Thomson Reuters (NYSE:TRI) traded at a new 52-week high today of $42.78. Approximately 109,000 shares have changed hands today, as compared to an average 30-day volume of 790,000 shares.

Thomson Reuters Corporation is an electronic information and solutions company that serves the global business and professional marketplace. The Company provides proprietary online systems and CD-ROM products in information sectors such as legal and regulatory, financial, scientific reference and healthcare, and corporate training.

In the past 52 weeks, Thomson Reuters share prices have been bracketed by a low of $33.96 and a high of $42.78 and are now at $42.74, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Thomson Reuters (NYSE:TRI) defies analysts with a current price ($42.74) 0.6% above its average consensus price target of $42.50. Thomson Reuters shares have support at the 50-day moving average (MA) of $39.49 and additional support at the 200-day MA of $39.10.

SmarTrend recommended that subscribers consider buying shares of Thomson Reuters on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.95. Since that recommendation, shares of Thomson Reuters have risen 15.3%. We continue to monitor TRI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Thomson Reuters

Ticker(s): TRI