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Stock Investors Bid Up Shares of Net 1 UEPS Technologies, Up 1.2%

Published on Thu, 02/28/2013 - 13:29
By Mallory Stone

Net 1 UEPS Technologies (NASDAQ:UEPS) is one of today's biggest movers, up 1.2% to $5.86. The S&P is trading higher by 0.3% to 1,520 and the Dow is trading fractionally higher to 14,096.

Net 1 UEPS Technologies has overhead space with shares priced $5.86, or 16.3% below the average consensus analyst price target of $7.00. Net 1 UEPS Technologies shares should encounter resistance at the 200-day moving average (MA) of $7.70 and support at the 50-day MA of $5.42.

In the past 52 weeks, Net 1 UEPS Technologies share prices have been bracketed by a low of $3.01 and a high of $12.62 and are now at $5.86, 95% 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 slid 0.6%.

Net 1 UEPS Technologies, Inc. holds a non-exclusive worldwide license to the Universal Electronic Payment System (UEPS). The Company commercializes the smart card based service through alliances with banks, card services, and retail organizations.

By Mallory Stone