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Jack Henry & Associates Bullish Moving Average Crossover Alert (JKHY)

Published on Wed, 02/06/2013 - 12:14
By Mallory Stone

Jack Henry & Associates (NASDAQ:JKHY) crossed over its 10-day moving average of $41.78 on a volume of 668K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Jack Henry & Associates (NASDAQ:JKHY) is currently priced 8.1% above its average consensus analyst price target of $40.20. Jack Henry & Associates shares have support at the 50-day moving average (MA) of $40.15 and additional support at the 200-day MA of $36.87.

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 share prices have moved between a 52-week high of $43.81 and a 52-week low of $32.17 and are now trading 36% above that low price at $43.72 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

By Mallory Stone
mstone@fnno.com