FleetCor Technologies (FLT) Shares are Up 1.88%

FleetCor Technologies (FLT) : Traders are bullish on FleetCor Technologies (FLT) as it has outperformed the S&P 500 by a wide margin of 4.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.88% in the last 1 week, and is up 3.64% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 3.61% and the 50-Day Moving Average is 6.23%.The 200 Day SMA reached 18.81%

FleetCor

FleetCor Technologies (NYSE:FLT): After opening at $173.04, the stock dipped to an intraday low of $171.43 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $174.15 and the buying power remained strong till the end. The stock closed at $173.73 for the day, a gain of 0.62% for the day session. The total traded volume was 876,945. The stocks close on the previous trading day was $173.73.

FleetCor Technologies (FLT) : The most positive equity analysts on FleetCor Technologies (FLT) expects the shares to touch $190, whereas, the least positive believes that the stock will trade at $146 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $178.38 with an expected fluctuation of $13.61 from the mean.

FleetCor Technologies, Inc. is an independent global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, oil companies, petroleum marketers and Government entities in countries. The Company operates in two segments: North America and International. In North America, the Company sells a fuel card product, commercial payment and data solutions, as well as a fleet telematics offering, which allows customers to track the location of mobile workers in field-based businesses, as well as over-the-road trucking fleets. In its International segment, the Company provides small and mid-sized fleets with fuel cards to control and manage spending. Additionally, the Company provides a similar fuel product in its International segment to over-the-road trucking fleets, shipping fleets and other operators of heavily industrialized equipment.

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