Accenture plc. (ACN) Shares are Up 1.59%

Accenture plc. (ACN) has been under a strong bear grip, hence the stock is down -2.86% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.16% in the past 1 week. The stock has risen by 1.59% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.44% in the past 4 weeks.

Accenture plc. (NYSE:ACN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $113.20 and $112.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.60, notching a gain of 0.78% for the day. The total traded volume was 2,746,681 . The stock had closed at $113.71 on the previous day.

The stock has recorded a 20-day Moving Average of 0.4% and the 50-Day Moving Average is 0.96%. Accenture plc has dropped 0.82% during the last 3-month period . Year-to-Date the stock performance stands at 10.73%.

Accenture plc. (ACN) stock is expected to deviate a maximum of $7.04 from the average target price of $124.29 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $132 and the most muted being $111.


Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Companys business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Companys segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources. The Communications, Media & Technology segment serves the communications, electronics, technology, media and entertainment industries. The Financial Services segment serves the banking, capital markets and insurance industries. The Health & Public Service segment serves healthcare payers and providers, government departments, public service organizations, educational institutions and non-profit organizations. The Products segment serves consumer-relevant industries. The Resources segment serves the chemicals, energy, forest products, metals and mining, utilities and related industries.

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