Booking Holdings, Ford Motor Co, Amazon, among others, are the consumer_cyclical stocks approaching important price targets.

Yesterday's session summary: Leading equity indices in the US rose as Dow Jones closed the day at 34,400, having gained 1.26%. S&P 500 closed the day at 4,426, having gained 1.22%.

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. Let's review some consumer_cyclical stocks and their price targets.

Buyers pushing Booking Holdings towards its price target of $2,704.31; currently at $2,671.7

Booking Holdings's recent run now faces a major challenge as concentrated supply is likely found at $2,704.31 with price action currently $32.61 away.

Booking Holdings has posted further gains as part of a 4 day trend that has already seen the stock gain $4.45. yesterday's session pointed in the same direction — the travel booking company went up to $2,671.7, gaining 2.37%. Daily trading volume (397,638 shares) was slightly greater than the current multiday average of 348,785.

Buyers pushing Ford Motors towards its price target of $14.59; currently at $14.45

Ford rallied 1.76% and ended the session at $14.45. Yesterday's gains added to Ford's bullish trend that has lasted for 12 days so far, during which it increased a total of $2.2. The day's trading volume totalled 56.21 million shares — slightly under the 21-day average of 65.72 million.

The past 3 months have been positive for the US automaker as it added 23.91% compared to its 3-month low of $10.95. The company has a market cap of $56.79 billion with an average daily trading volume of 65.72 million shares. So far this year, it has been beating the S&P 500 by 13.37%. Ford Motors has a forecast of $36 billion with an EPS of 63 cents.

Ford's run now faces a challenge at $14.59, which is only 14 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Buyers pushing Amazon towards its price target of $128.43; currently at $127.11

Generally flat but with a slight bullish bias, Amazon ranged between $124.32 and $127.69 before closing higher at $127.11. Yesterday's gains added to Amazon's 7 days uptrend, during which it increased a total of $5.19. Yesterday's trading volume was 55.86 million shares which is slightly under the 21-day average of 63.23 million.

Jeff Bezos’s company now trading 32.36% above its 3-month low of $81.82. Amazon's market cap is currently $1.30 trillion with an average daily volume of 63.23 million shares. The Nasdaq has been doing worse in 2022, it has been passing it by 24.73%. Amazon expected revenue of $124.55 billion with an EPS of 21 cents.

Amazon's recent run now faces a major challenge as concentrated supply is likely found at $128.43 with price action currently $1.32 away.