• Return to Headlines

After Yesterday's Rally of 1.85% Shares Could Potentially Pullback

By Shiri Gupta

Global Payments (NYSE:GPN) traded in a range yesterday that spanned from a low of $73.81 to a high of $75.24. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $73.64 on volume of 957,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Global Payments and will alert subscribers who have GPN in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Global Payments have traded between a low of $50.13 and a high of $78.92 and are now at $75.08, which is 50% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.6%.

Keywords: rebounders global payments

Ticker(s): GPN