Pay attention to the following industrials stocks approaching critical price targets: Robert Half International Inc, The AZEK Company Inc., W W Grainger Inc are the ones to watch.
Yesterday's session summary: Leading equity indices in the US rose as Dow Jones gained 2.12% and closed at 33,763. S&P 500 closed the day at 4,282.37, having gained 1.45%.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of industrials stocks and their price targets.
Buyers pushing Robert Half towards its price target of $70.86; currently at $69.88
Robert Half International Inc's run now faces a challenge at $70.86, which is only 98 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Robert Half has posted further gains as part of a 3 day trend that has already seen the stock gain $1.34. yesterday's session pointed in the same direction — the global HR consulting firm rallied 5.3% and maintained $69.88. Trading volume totalled 997,105 which equates to around 92% of the stock's 21-day average yesterday.
Buyers pushing AZEK towards its price target of $26.25; currently at $25.72
AZEK's recent run now faces a major challenge as concentrated supply is likely found at $26.25 with price action currently 53 cents away.
AZEK has posted further gains as part of a 3 day trend that has already seen the stock gain 86 cents. it was more of the same for AZEK yesterday — after ending Thursday's session at $24.11, AZEK went up to $26 yesterday only to fall back and close at $25.72. The day's trading volume totalled 1.92 million shares — slightly under the 21-day average of 2.14 million.
Buyers pushing W. W. Grainger towards its price target of $686.06; currently at $677.77
After ending Thursday at $655.31, the industrial supplier spiked to $678.65 and closed yesterday at $677.77 — gaining 3.43% overall. W. W. Grainger has increased a total of $6.29 over the past 3 days, with yesterday's session contributing to the uptrend. Daily trading volume (365,028 shares) was above the current multiday average of 256,434.
US-based industrial supply company W.W. Grainger, has gained 22.84% since its lowest print of $442.09 earlier this year. W. W. Grainger's market cap currently stands at $34 billion with an average daily volume of 256,434 shares. So far this year, it has performed better than the S&P by 14.13%. W. W. Grainger has a forecast of $4 billion with an EPS of $8.37.
W. W. Grainger's run now faces a challenge at $686.06, which is only $8.29 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.