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Upgrade Alert for Accenture (ACN)

By Amy Schwartz

Accenture (NYSE:ACN) was upgraded from Hold to Buy at Societe Generale today. The stock closed yesterday at $113.73 on volume of 3.2 million shares, above average daily volume of 2.7 million.

In the past 52 weeks, shares of Accenture have traded between a low of $88.43 and a high of $120.78 and closed yesterday at $113.73, which is 29% 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 risen 0.3%.

Accenture Ltd. provides management and technology consulting services and solutions. The Company delivers a range of specialized capabilities and solutions to clients across all industries on a worldwide basis. Accenture's network of businesses provides consulting, technology, outsourcing, and alliances.

Accenture (NYSE:ACN) is currently priced 6.0% above its average consensus analyst price target of $106.91. The stock should discover initial support at its 50-day moving average (MA) of $110.53 and subsequent support at its 200-day MA of $104.19.

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

Keywords: analyst upgrades/downgrades accenture

Ticker(s): ACN