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Upgrade Alert for WNS Holdings (WNS)

By David Diaz

WNS Holdings (NYSE:WNS) was upgraded from Neutral to Buy at SunTrust today. The stock closed yesterday at $29.45 on volume of 361,000 shares, above average daily volume of 179,000.

There is potential upside of 19.2% for shares of WNS Holdings based on a current price of $29.45 and an average consensus analyst price target of $35.11. WNS Holdings shares should first meet resistance at the 200-day moving average (MA) of $30.12 and find additional resistance at the 50-day MA of $30.51.

In the past 52 weeks, WNS Holdings share prices have been bracketed by a low of $24.02 and a high of $34.37 and closed yesterday at $29.45, 23% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 0.85% higher over the past week, respectively.

WNS Holdings Limited, doing business as WNS Global Services, provides a range of business process outsourcing services, including finance, accounting, customer relationship management, and business administration services.

SmarTrend is monitoring the recent change of momentum in WNS Holdings. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of WNS Holdings in search of a potential trend change.

Keywords: analyst upgrades/downgrades wns holdings

Ticker(s): WNS