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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 1.79%

Comtex SmarTrend(R) - Mon Aug 19, 1:03PM CDT

Global Payments (NYSE:GPN) traded in a range yesterday that spanned from a low of $158.27 to a high of $160.57. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $159.06 on volume of 445,000 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 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.

In the past 52 weeks, shares of Global Payments have traded between a low of $94.81 and a high of $172.20 and are now at $160.24, which is 69% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.8%.

Write to SmarTrend at cs@mysmartrend.com

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