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For many people, St. Patrick’s Day means a corned beef and cabbage dinner, a pint of Guinness and watching “The Quiet Man” for the 100th time.
For investors seeking to add a breath of fresh Eire in their portfolios might want to consider taking a second look at some major Irish companies trading on the U.S. exchanges.
Accenture Plc: (NYSE: ACN) A Fortune Global 500 company, Dublin-headquartered Accenture generated $44.33 billion in 2020 revenues. With 506,000 employees spread across three continents, this professional services company has been on a shopping spree since 2019. Bloomberg reported Accenture acquired at least 65 companies in the past two years, including three an Australian supply chain consultancy, a Brazilian robotics firm and a U.K. leadership development business that were announced March 1.
akung Art Chart Analysis: The 5-minute chart above shows the stock has been flying all day.
The price is trading above both the 200-day moving average (blue) as well as the volume-weighted average price (pink). This gives the chart a bullish sentiment and hints that these levels may hold as potential support in the future.
The $10 level is a place on the chart the stock was unable to cross Monday. The area may hold as a support level in the future. Next, the $14 level could possibly be a key level of support. The stock was able to break above this level and later retested and held it as support.