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Global Payments Set to Possibly Rebound After Yesterday's Selloff of 2.74%

By David Diaz

Global Payments (NYSE:GPN) traded in a range yesterday that spanned from a low of $164.84 to a high of $168.72. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $170.82 on volume of 924,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Global Payments has traded in a range of $105.54 to $209.62 and is now at $162.97, 54% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

Keywords: rebounders global payments

Ticker(s): GPN