This Payment Processor Stock Is Testing Critical Support

Global Payments (GPN) is testing critical support in the stock market today.

The move comes one month ahead of the payment processor’s next quarterly report, which is expected to show earnings growth of 19% and a sales decline of 24%.

Shares are testing support at the 50-day and 200-day lines, falling as much as 2.6% to breach those levels in intraday trade. Global Payments was down 1.2% in afternoon trade, just above those support areas. Volume was tracking lighter than average.

The two...

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