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Watch for Continued Gains in Shares of Travelport World (TVPT)

By David Diaz

Shares of Travelport World (NYSE:TVPT) traded at a new 52-week high today of $19.09. Approximately 125,000 shares have changed hands today, as compared to an average 30-day volume of 973,000 shares.

Travelport World (NYSE:TVPT) is currently priced 1.0% above its average consensus analyst price target of $18.75. The stock should find initial support at its 50-day moving average (MA) of $17.34 and further support at its 200-day MA of $15.05.

Travelport Worldwide Limited provides distribution, technology, payment, and other solutions for the travel and tourism industry. The Company's platform connects travel providers, such as airlines and hotel chains with travel agencies and tourists.

In the past 52 weeks, shares of Travelport World have traded between a low of $12.10 and a high of $19.09 and are now at $18.93, which is 56% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Travelport World on February 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.92. Since that recommendation, shares of Travelport World have risen 36.4%. We continue to monitor TVPT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows travelport world

Ticker(s): TVPT