Angie’s List, Inc. (NASDAQ: ANGI) shares fell on Tuesday January 17 on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, in early trade, the Dow Jones Industrial Average was 47 points lower, or 0.24% to 19838, the S&P 500 fell 7 points, or 0.29% to 2267, while the Nasdaq was down 19 points, or 0.35% to 5554.
Angie’s List, Inc. (NASDAQ: ANGI) had its Market Perform rating reiterated by equities researchers at Cowen and Company in a research note to investors. The company currently has a rating of Market Perform on the stock. A number of other analysts have issued reports on the company recently, and Angie’s List, Inc. has earned a consensus one-year price target of $10.17, above the opening price of $7.78, a difference of 13.11 percent. Angie’s List, Inc. stock has a 52-week high of $10.76. Typically, after analysts give a “reiterated rating” report on a stock, they will later issue sporadic revisions, usually followed by a price target change.
Shares of Angie’s List, Inc. (NASDAQ: ANGI) opened at $7.78 yesterday trading between $7.62 and $7.96, and last traded at $7.76, a dip of $0.16 over the previous closing price.
Angie’s List, Inc. (NASDAQ: ANGI) now has a market cap of 458.73M.
Angie’s List, Inc. (NASDAQ: ANGI) Average Daily Trading Volume
114,170 shares crossed the trading desk yesterday, 26 percent below normal, out of a total float 33,899,000. 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 simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
Angie’s List, Inc. (NASDAQ: ANGI) 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 successful trades.
With that in mind, Angie’s List, Inc. (NASDAQ: ANGI) now has a 50-day MA of $8.65 and 200-day MA of $8.53. It has traded in a 52-week range between $6.32 – 10.760 and today’s last price is 27.93%% lower than the 52 week high of $10.76.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors watch for companies that have raised their earnings by at least 25% over a 3 year period.
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