Buyers Accumulate Shares of CGI Group, Up 1.8%

Published on Tue, 02/12/2013 - 11:22
By Peter Chu in Market movers, GIB, cgi group, market movers, nyse:gib

CGI Group (NYSE:GIB) is one of today's notable stocks on the rise, up 1.8% to $28.19. The Dow Jones Industrial Average is now trading fractionally higher to 13,994 and the S&P is trading fractionally higher to 1,518.

CGI Group Inc. provides information technology services. The Company's services include management of information technology and business functions, systems integration, consulting, and business solutions. CGI operates in the financial services, telecommunications. manufacturing to retail value chain, government, healthcare and public utilities sectors.

CGI Group (NYSE:GIB) has potential upside of 3.9% based on a current price of $28.19 and analysts' consensus price target of $29.30. The stock should find initial support at its 50-day moving average (MA) of $24.36 and further support at its 200-day MA of $24.21.

CGI Group share prices have moved between a 52-week high of $28.28 and a 52-week low of $19.89 and are now trading 42% above that low price at $28.19 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.4%.

By Peter Chu
pchu@fnno.com

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