These five stocks are well below their average price targets, but two could catch up

  • 📰 CNBC
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

These five stocks are well below their average price targets, but two could catch up $GM $UAA $UAL $HAL $PYPL (via TradingNation)

"This stock is one that's been sliding lower for the last three or four months, but it's now trying to bounce back and it's bumping up against its 100-day moving average," Maley said, referring to PayPal's chart.

"That moving average has provided some tough resistance for this stock on several occasions this year, so if it can finally break above that, it's probably going to give some of the momentum players some impetus to buy the stock," Maley said. "Not only is that 100-day moving average a key level, [but] it's also the neckline of an inverse head-and-shoulders pattern.

PayPal shares closed nearly 2% higher on Tuesday at $106.20, just 44 cents below their 100-day moving average at $106.64."We're coming into the end of the year, where we've got thinly traded environments," Tatro said in the same "Trading Nation" interview. "You've got managers that are going to be looking for those high-beta names. If you can couple that with a fundamental case, you've got, really, the mix for some great opportunities.

High-beta investments are those that tend to make outsized moves relative to the broader market. They tend to carry a higher degree of risk, but also greater momentum, than their more stable peers. "Here's a stock that ... has an opportunity to gather some significant beta to try and get that performance edge that managers are looking for, but it's also a stock that, from a [price-to-earnings-growth] ratio standpoint, [is] trading at 30 times forward earnings, which at first glance you're like, 'Wow, that's very expensive,'" Tatro said of PayPal."Fortunately, those earnings are growing at 65%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

TradingNation This is a 🚀🚀🚀🚀🚀 soon:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks to keep climbing in 2020 but growth well below this year's: Reuters pollU.S. stocks will keep rising in 2020 but at a much more modest pace than this ye... Stocks ALWAYS rise in the USA because of jingoistic traders and their myopic national pride. Here is a future 🚀🚀🚀🚀🚀🚀: look at the tape, stock market declined 12/18 so comparing without adjustment makes 19 look very good and 20 hard to match
Source: Reuters - 🏆 2. / 97 Read more »

World stocks edge off highs to await U.S.-China progressWorld stocks edged off their highest in almost two years, but kept record levels in sight, following fresh signs that the United States and China were working to end a trade war dragging on the global economy Pure Hot air being blown! There is no trade deal ever! The punchline here, that most seem to ignore , is that from what I’ve read, this magnificent deal will for the most part return trade levels to where they were before the tariff war, particularly in agriculture. What were the fresh signs exactly? They agreed to a deal on October 11
Source: Reuters - 🏆 2. / 97 Read more »