Zack’s analysts upgrade Rocket Fuel Inc. stock to strong buy (NASDAQ: FUEL)

Zack’s analysts upgrade Rocket Fuel Inc. stock to strong buy (NASDAQ: FUEL)

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Analysts at Zacks Investment Research upgraded shares of Rocket Fuel Inc. (NASDAQ:FUEL) from Hold to Strong-Buy while setting a target price of $2.75.

Share prices sometimes get a bounce to the upside on analysts price target increases and upgrades.

Rocket Fuel Inc. (NASDAQ:FUEL) opened the day at $2.33 and traded in a range between, $2.30 and $2.36 during the trading today and closed at 2.36

Rocket Fuel Inc. (NASDAQ:FUEL) now has a market cap of 103.97M.

The stock’s average daily volume is 433,975 shares out of a total float 30,239,000 of and some 639,792 sharescrossed the trading desk..

Look for increasing trading volume in trading activity today and going forward.

Investors often use upticks in trading volume to identify heavy volume accumulation by institutional investors.

Heavy 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 simply refers to 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 taking a postion in a stock you are considering.

By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.

Rocket Fuel Inc. (NASDAQ:FUEL) now has a 50-day MA is $2.29 and 200-day MA is $2.79, and it has traded in a 52-week range between $2.09 – 7.90

Earnings growth is an important factor to look at when buying stocks and investors look for companies that have grown their earnings at least 25% or more for the past 3 years.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of BNB Daily News. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please see our terms and conditions page.

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Dan specializes in matters of money management and personal finance and has been published on numerous financial, business, health and wellness and sports websites.

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