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SmarTrend Watching for Potential Pullback in Shares of Global Payments After 3.23% Gain

By Nick Russo

Global Payments (NYSE:GPN) traded in a range yesterday that spanned from a low of $165.37 to a high of $168.75. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $168.08 on volume of 561,000 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.

Global Payments share prices have moved between a 52-week high of $209.62 and a 52-week low of $105.54 and are now trading 59% above that low price at $167.61 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.6%.

Keywords: rebounders global payments

Ticker(s): GPN