Shares of NICE Ltd. (NASDAQ:NICE) are hovering above their moving averages, indicating a postitive uptrend for the firm. Investors may be circling the wagons wondering what’s in store for the stock market over the next few months. Capitalizing on the current trends may be just what the doctor ordered. Searching for value in the current investing landscape may be a priority for some investors. The mindset of one investor may be completely different from another. Sometimes stocks that look too good to be true actually are, and those that are actually very good may not look that enticing. Keeping a close watch on technicals and fundamentals may be a good way to start filtering through the vast sea of equities. Many stock enthusiasts will also keep a sharp focus on positive estimate revisions to help gain an edge in the markets. Whatever the strategy, investors will no doubt be searching far and wide for consistent outperformers.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, NICE Ltd. (NASDAQ:NICE)‘s stock was 24.03%. 19.13% over the last quarter, and 26.63% for the past six months.
Over the past 50 days, NICE Ltd. stock was -4.33% off of the high and 19.19% removed from the low. Their 52-Week High and Low are noted here. -4.33% (High), 38.96%, (Low).
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In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands 7.32% away from its 50-day simple moving average and 17.34% away from the 200-day average. The price currently stands at $134.21.
The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 60.46 for NICE Ltd. (NASDAQ:NICE).
Returns & Recommendation
The consensus analysts recommendation at this point stands at 2.20 on this stock. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The Street has a $136.00 target price on the shares for the next 12-18 months.
Typically bull markets are times when investors may be willing to be a bit more speculative with stock selection. Managing risk is generally at the forefront of many strategies. Investors trying to shift the odds in their favor may be searching for the perfect balance and diversification to help mitigate the risk and enjoy healthier profits. With so many different stocks to choose from, it may take a while to zoom in or a particular set. Investors will also be watching the next wave of economic data to get a better sense of how the overall economy is fairing. With so much noise in the markets, it may be necessary to narrow the gaze in order to set the table for success. Investors may be on the lookout for the major catalyst that either keeps the bulls charging into the second half the year, or wakes up the sleeping bears.
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