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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
mstone@fnno.com