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March 06, 2023
Pay attention to the following industrials stocks approaching critical price targets: Honeywell International, General Electric, Crane Co. are the ones to watch.
What is happening with the market now? Markets are currently flat. Nasdaq drawing back 0.17% to 11,669. S&P 500 trades at 4,045.21 with no major change.
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.
Honeywell now at $196.94 | Forthcoming price target: $2.09 lower at $194.85
Honeywell International is eyeing the $194.85 support line.
In the midst of a 4 day bullish trend, today's session might suggest a slow down — as we reach the end of another session, the manufacturing and technology company's price ranged between $196.65 and $199.31 and is about to settle around $196.94.
Buyers pushing GE towards its price target of $88.07; currently at $86.94
From an earlier low of $86.47, the industrial giant is on track to end the session around $86.94 after gaining 64 cents compared to last trading session's $86.3 (0.74%). Today's gains are adding to GE's a 9 day bullish trend, during which it gained a total of $4.04.
GE hit a significant low of $61.09 around 7 months ago, but has since recovered 41.27%. GE's market cap is currently $94.70 billion with an average daily volume of 5.75 million shares. So far this year, it has been doing worse than the S&P 500 by 3.83%. GE has a forecast of $21.59 billion with an EPS of $1.11.
GE's recent run now faces a major challenge as concentrated supply is likely found at $88.07 with price action currently $1.13 away.
Buyers pushing GE towards its price target of $88.07; currently at $86.94
From an earlier low of $86.47, the industrial giant is on track to end the session around $86.94 after gaining 64 cents compared to last trading session's $86.3 (0.74%). Today's gains are adding to GE's a 9 day bullish trend, during which it gained a total of $4.04.
GE hit a significant low of $61.09 around 7 months ago, but has since recovered 41.27%. GE's market cap is currently $94.70 billion with an average daily volume of 5.75 million shares. So far this year, it has been doing worse than the S&P 500 by 3.83%. GE has a forecast of $21.59 billion with an EPS of $1.11.
GE's recent run now faces a major challenge as concentrated supply is likely found at $88.07 with price action currently $1.13 away.
