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Net 1 UEPS Technologies Shares Up 28.0% Since SmarTrend's Buy Recommendation (UEPS)

By Shiri Gupta

SmarTrend identified an Uptrend for Net 1 UEPS Technologies (NASDAQ:UEPS) on October 5th, 2016 at $10.40. In approximately 6 months, Net 1 UEPS Technologies has returned 27.98% as of today's recent price of $13.31.

Over the past year, Net 1 UEPS Technologies has traded in a range of $8.37 to $21.48 and is now at $13.31, 59% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 1%.

Net 1 UEPS Technologies, Inc. holds a non-exclusive worldwide license to the Universal Electronic Payment System (UEPS). The Company commercializes the smart card based service through alliances with banks, card services, and retail organizations.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Net 1 UEPS Technologies shares.

Log in and add Net 1 UEPS Technologies (UEPS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights net 1 ueps technologies

Ticker(s): UEPS