Zeltiq Aesthetics Inc. (ZLTQ) stock moves up, “Buy” rating reiterated by Canaccord Genuity Analysts

Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ) shares rose on Monday January 23 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, 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 Canaccord Genuity reiterated a Buy rating on shares of Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ) in a reserach note to investors, making it one of the more actively watched stocks on Wall Street. With a rating of Buy on the shares, Zeltiq Aesthetics Inc. has a 52-week high of $46.00. The one-year price target of $50.63 is higher than the opening price of $42.00, causing a fair amount of other analysts to comment on the stock in recent days. Share prices often move to the upside on recommendations and new price targets of professional analysts.

Shares of Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ) opened at $42.00 yesterday trading between $41.67 and $42.50, and last traded at $42.20, which represents a spike of $0.97 over the previous closing price.

Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ) currently has a market cap of 1.69B.

Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ) Average Daily Trading Volume

The stock’s average daily volume is 779,663 shares out of a total float 39,500,000 and some 200,792 shares traded hands yesterday, 56 percent lower than the average. lower than normal. Look for trading volume to pick up in the coming days as investors often use swings 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 is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These professional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you’re researching.

Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ) 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 Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ) have ranged from $18.41 – 46.00, and the stock now has a 50-day MA of $43.12 and 200-day MA of $38.46. Today’s last price is 8.26%% below the 52 week high of $46.00.

Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors look for companies that have grown their earnings at least 25% or more for the past 3 years.

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