Jack Henry & Associates, Inc. (JKHY) 2021 Q3

Purchase Info

Stock Price History

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Our View

Jack Henry & Associates Inc. is a payment processing company for the financial services industry. It offers services like electronic funds transfer, payments processing, loan processing. Jack Henry has 9,000 customers in the US, including 1,000 banks and 800 credit unions. The services provided by Jack Henry are mission-critical in nature for banks, and there is a high switching cost to move to a competitor. Morningstar has assigned Jack Henry a wide moat rating, and its long-term prospects look bright.
The long-term monthly chart for Jack Henry shows a clear uptrend throughout the past decade. The prices have by and large respected the bottom trend line except on three occasions. The long-term trend was briefly broken in 2016, March 2020, and early 2021. The most recent breakdown found support at the $146 level before pricing bouncing back up and moving above the bottom trend line. The price has broken the intermediate resistance of $169-$170 and now looks like testing the previous peak of $196. A Minimum stop loss can be placed below the bottom trend line at $158.

Position entered into our long-term tracking portfolio today. The entry point is at $176.49, and stop-loss is placed at $127.81, which is 28% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $202.25, giving a profit of 15%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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