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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 $15.27. So far today approximately 212,000 shares have been exchanged, as compared to an average 30-day volume of 759,000 shares.

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.

Potential upside of 10.0% exists for Travelport World, based on a current level of $15.19 and analysts' average consensus price target of $16.71. The stock should find initial support at its 50-day moving average (MA) of $13.77 and further support at its 200-day MA of $13.22.

In the past 52 weeks, Travelport World share prices have been bracketed by a low of $11.28 and a high of $15.27 and are now at $15.19, 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Travelport World on April 20th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.95. Since that recommendation, shares of Travelport World have risen 17.0%. 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