Caesarstone Ltd. (NASDAQ:CSTE) shares are holding above their moving averages, indicating a postitive uptrend for Industrial Goods company.

Investors may be trying to figure out what stocks will give a boost to portfolio performance over the next few months. Value investors may be looking for current value in the market. They are generally looking for bargains and interested in uncovering those stocks that may be primed for a run but have fallen out of favor with Wall Street. Growth investors may be looking to target companies that are able to advance earnings faster than average. This may include searching for those industries that have strong growth trends and a proven track record of strong sales and earnings growth. 

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 -1.04% away from its 50-day simple moving average and -3.84% away from the 200-day average. The price currently stands at $15.57.

Some investors may be looking to trade the trend and capitalize on strong current performers. Other investors may look to take a contrarian approach. This can involve looking for names that have been overlooked by the crowd. There are many different contrarian approaches that investors may choose to use. Going against the crowd may require a lot more homework and confidence. There may be hidden gems out there, but is may be wise to investigate why nobody else seems to want to get into the name. Finding that perfect strategy may take a lot of study and dedication. Taking shortcuts in the market can have severe negative effects on the long-term health of the portfolio. 

Recent Performance

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Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Caesarstone Ltd. (NASDAQ:CSTE)‘s stock was 14.65%.  -0.70% over the last quarter, and  -7.27% for the past six months. 

Over the past 50 days, Caesarstone Ltd. stock was -9.84% off of the high and 10.35% removed from the low.  Their 52-Week High and Low are noted here.  -28.58% (High), 24.66%, (Low). 

RSI

The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 49.38 for Caesarstone Ltd. (NASDAQ:CSTE).

Returns & Recommendation

The consensus analysts recommendation at this point stands at 3.50 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 17.00 target price on the shares for the next 12-18 months.

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