Nice Systems Ltd. (NASDAQ: NICE) shares were down in early trading today on heavier trade volume than normal after a number of analysts weighed in on the investing value of the stock, increasing the price target of stock.
Meanwhile in early trading, the Dow Jones Industrial Average DJIA, +0.31% rose 24 points, or 0.1%, to 19,883, while the S&P 500 index ESH7, +0.13% dipped less than 1 point to 2,268. The Nasdaq Composite COMP, +0.02% which reached its fourth-straight record close on Tuesday, rose 1 point to 5,553.
Nice Systems Ltd. (NASDAQ: NICE) had its price target increased by equities researchers at Chardan Capital from $72.00 to $76.00. Chardan Capital currently has a rating of Buy on the shares. As a means of comparison, a number of other analysts have spoken on the stock recently, and Nice Systems Ltd. has secured a consensus one-year price target of $73.29, higher than the opening price of $67.60. Nice Systems Ltd. stock has a 52-week high of $69.79.
Shares of Nice Systems Ltd. (NASDAQ: NICE) opened at $67.60 yesterday trading between $65.59 and $67.60, and last traded at $66.06, which is a dip of $3.20 from the previous closing price.
Nice Systems Ltd. (NASDAQ: NICE) now has a market cap of 3,959.90B.
Nice Systems Ltd. (NASDAQ: NICE) Average Daily Trading Volume
The stock’s average daily volume is 102,790 shares out of a total float 59,487,000 and some 134,787 shares crossed the trading desk yesterday, 17 percent higher than the average. higher than normal. Significant increases in trading volume and price appreciation together could signal heavy volume accumulation 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 is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have teams of analysts that investigate thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.
Nice Systems Ltd. (NASDAQ: NICE) 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 spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
Trades for Nice Systems Ltd. (NASDAQ: NICE) have ranged from $54.12 – 69.79, and the stock now has a 50-day MA of $67.11 and 200-day MA of $66.46. Today’s last price is 5.34%% lower than the 52 week high of $69.79.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors seek companies that have increased their earnings by at least 25% over the past 3 years.
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