Global Payments (GPN) Recently Broke Out Above the 50-Day Moving Average

After reaching an important support level, Global Payments (GPN) could be a good stock pick from a technical perspective. GPN surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.GPN could be on the ...