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Jack Henry & Associates Looks to Continue to Trade Above its Annual-High Share Price Today

Published on Tue, 03/19/2013 - 14:16
By Adrienne Chilton

Jack Henry & Associates (NASDAQ:JKHY) traded today at a new 52-week high of $45.48. Approximately 184,000 shares have changed hands today, as compared to an average 30-day volume of 453,000 shares.

In the past 52 weeks, Jack Henry & Associates share prices have been bracketed by a low of $32.17 and a high of $45.48 and are now at $45.15, 40% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

Jack Henry & Associates, Inc. develops, markets, and installs integrated computer systems for in-house and service bureau data processing to banks and other financial institutions. Jack Henry also performs data conversion and software installation and customization for the implementation of its systems along with continuing customer maintenance.

Jack Henry & Associates (NASDAQ:JKHY) is currently priced 3.4% above its average consensus analyst price target of $43.60. The stock should discover initial support at its 50-day moving average (MA) of $42.93 and subsequent support at its 200-day MA of $38.39.

By Adrienne Chilton
achilton@fnno.com