La Quinta Holdings Inc. (NYSE: LQ) shares rose in early trading today on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock, raising the price target of stock.
U.S. stocks flipped between small losses and gains early Tuesday morning as investors maintained a cautious stance following a sharp postelection rally.
The S&P 500 index SPX, -0.04% was off by about 1 point, or less than 0.1%, at 2,267, with seven of the 11 main sectors trading lower. The Dow Jones Industrial Average DJIA, -0.13% was off 33 points, or 0.2%, to 19,853.
Meanwhile, the Nasdaq Composite Index COMP, +0.05% traded in record territory, after closing at an all-time high for the second session in a row on Monday.
La Quinta Holdings Inc. (NYSE: LQ) had its price target boosted by equities researchers at Stifel Nicolaus from $10.25 to $13.00. With a rating of Hold on the shares, the company has a 52-week high of $14.62. The one-year price target of $13.22 is lower than the opening price of $14.26, resulting a number of other analysts to comment on the company in recent days.
Shares of La Quinta Holdings Inc. (NYSE: LQ) opened at $14.26 yesterday and traded in a range between, $14.16 and $14.26, and last traded at $14.21, a spike of $0.05 from the previous closing price.
La Quinta Holdings Inc. (NYSE: LQ) currently has a market cap of 1.66B.
La Quinta Holdings Inc. (NYSE: LQ) Average Daily Trading Volume
41,138 shares crossed the trading desk yesterday, 56 percent lower than the norm, out of a total float 70,534,000. lower than normal. Look for trading volume to pick up in the coming days as momentum traders often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have substantial teams of analysts that research thousands of stocks, so it is good validation to see them taking a postion in a stock you’re researching.
La Quinta Holdings Inc. (NYSE: LQ) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
Trades for La Quinta Holdings Inc. (NYSE: LQ) have ranged from $9.42 – 14.62, and the stock now has a 50-day MA of $13.51 and 200-day MA of $11.80. Today’s last price is 2.80%% under the 52 week high of $14.62.
Earnings growth is a crucial factor to look at when investing in stocks and investors identify companies that have increased their earnings by at least 25% for 3 consecutive years.
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