Motorola Solutions Inc. (NYSE: MSI) shares rose in value on Monday January 23 on lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile, U.S. stocks flipped between small gains and losses in early trade on Monday.
The Dow Jones Industrial Average DJIA, -0.14% was off by 13 points, or less than 0.1%, at 19,815, with McDonald’s Corp MCD, -0.99% and General Electric CoGE, -0.95% leading the losses, down more than 1%.
The S&P 500 SPX, -0.18% slipped 2 point to 2,270, with five of the main sectors trading lower. The Nasdaq Composite COMP, -0.09% gained 4 points to 5,558.
Analysts at Citigroup upgraded shares of Motorola Solutions Inc. (NYSE: MSI) from Neutral to Buy today. The company currently has a rating of Buy on the stock. The one-year price target of $78.00 is a decrease compared to the opening price of $82.64, that has caused a fair amount of other analysts to comment on the stock in recent days. Looking back over the last year, Motorola Solutions Inc. stock has a high of $87.55. Stock prices sometimes get a spike to the upside when analysts upgrade a stock.
Shares of Motorola Solutions Inc. (NYSE: MSI) opened at $82.64 yesterday and traded in a range between, $82.28 and $83.50, and last traded at $82.44, a spike of $0.08 from the previous closing price.
Motorola Solutions Inc. (NYSE: MSI) now has a market cap of 13.68B.
Motorola Solutions Inc. (NYSE: MSI) Average Daily Trading Volume
157,415 shares crossed the trading desk yesterday, 98 percent below the norm, out of a total float 165,404,000. lower than normal. Look for trading volume to pick up in the coming days as investors often use upticks in trading volume to identify heavy volume accumulation or distribution by institutional investors.
While increased trading for one day will not mean much, conversely, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these retain substantial teams of analysts that research thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.
Motorola Solutions Inc. (NYSE: MSI) 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 investors to make those trends work in their favor and increase the number of winning trades.
Trades for Motorola Solutions Inc. (NYSE: MSI) have ranged from $59.78 – 87.55, and the stock now has a 50-day MA of $82.75 and 200-day MA of $76.42. Today’s last price is 5.84%% below the 52 week high of $87.55.
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 the past 3 years.
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