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Shares of ACI Worldwide Under Pressure, Down 1.5%

Published on Thu, 02/14/2013 - 13:21
By Adrienne Chilton

ACI Worldwide (NASDAQ:ACIW) is a company whose shares are active, trading 1.5% lower to $47.65. The Dow Jones Industrial Average is now trading fractionally lower to 13,967 and the S&P is trading fractionally higher to 1,520.

In the past 52 weeks, shares of ACI Worldwide have traded between a low of $31.98 and a high of $48.38 and are now at $47.65, which is 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

ACI Worldwide, Inc. develops, markets, and supports software products for the global electronics funds transfer market. The Company's products are used to process transactions involving credit cards, debit cards, smartcards, home banking services, checks, and automated clearing and settlement.

ACI Worldwide has overhead space with shares priced $47.65, or 0.7% below the average consensus analyst price target of $48.00. The stock should find initial support at its 50-day moving average (MA) of $45.26 and further support at its 200-day MA of $42.93.

By Adrienne Chilton