VimpelCom Ltd. (NASDAQ: VIP) shares rose in value on Wednesday January 25 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, the Dow Jones Industrial Average on Wednesday crossed the 20,000 level for the first time, while the S&P 500 and Nasdaq Composite also traded in record territory shortly after the market opened
The Dow Jones Industrial Average DJIA, +0.60% advanced 100 points, or 0.5%, to 20,012,
The S&P 500 index SPX, +0.55% gained 10 points, or 0.5%, to 2,289, with eight of the main 11 sectors trading higher.
The Nasdaq Composite index COMP, +0.66% was 30 points, or 0.6%, higher at 5,630.
All three main indexes set intraday records shortly after the opening bell.
Analysts at Zacks Investment Research upgraded shares of VimpelCom Ltd. (NASDAQ: VIP) from Hold to Buy today. Zacks Investment Research currently has a rating of Buy on the shares. As a means of comparison, a number of other analysts have commented on the company recently, and the company has earned a consensus one-year price target of $5.07, above the opening price of $4.15. VimpelCom Ltd. stock has a 52-week high of $4.51. Share prices sometimes get a bounce to the upside when analysts upgrade a stock.
Yesterday VimpelCom Ltd. (NASDAQ: VIP) shares last traded at $4.13, which is an increase of $0.02 compared to the previous closing price. Opening at $4.15, they varied from $4.11 and $4.15 throughout the day.
VimpelCom Ltd. (NASDAQ: VIP) now has a market cap of 7.21B.
VimpelCom Ltd. (NASDAQ: VIP) Average Daily Trading Volume
The stock’s average daily volume is 3,459,840 shares out of a total float 491,680,000 and some 231,644 shares traded hands yesterday, 35 percent lower than the norm. 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 short periods will not mean much 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.
These instituitional investors have teams of analysts researching thousands of stocks, so it is good validation to see them buying a stock you are considering.
VimpelCom Ltd. (NASDAQ: VIP) 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 identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
With that in mind, VimpelCom Ltd. (NASDAQ: VIP) now has a 50-day MA of $3.90 and 200-day MA of $3.77. It has traded in a 52-week range between $3.03 – 4.510 and today’s last price is 8.54%% lower than the 52 week high of $4.51.
Earnings growth is an important factor to research when investing in stocks and investors identify companies that have raised their earnings by at least 25% over the past 3 years.
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