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Global Payments Inc (GPN-N) Quote - Press Release

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Global Payments Set to Possibly Pullback After Yesterday's Rally of 1.71%

Comtex SmarTrend(R) - Thu Aug 8, 12:09PM CDT

Global Payments (NYSE:GPN) traded in a range yesterday that spanned from a low of $157.39 to a high of $160.66. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $158.78 on volume of 918,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Global Payments share prices have been bracketed by a low of $94.81 and a high of $172.20 and are now at $160.38, 69% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

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

Write to SmarTrend at cs@mysmartrend.com

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