fjack1928

ACN Long Push

Long
fjack1928 Updated   
NYSE:ACN   Accenture plc
ACN has broken out of a long wedge. Since it has just broken out, it may pull back and use the $280 price range as a support. The price target for ACN is $340.67. There are two supporters for this price target. The first one is the reverse head and shoulders pattern it created, and the second is the wedge it broke out of. Both of these supporters are in favor of the $340.67 price target.
Comment:
ACN has pushed even higher. It is currently at $317.38 which is basically a half way point to the price target of $340.67.
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