Air Lease Corp. (AL) Stock Trending Up After Price Target Increase at FBR & Co

Air Lease Corp. (NYSE: AL) shares rose on Tuesday Nov 22 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock, increasing the price target of stock.

Meanwhile, The Dow Jones Industrial Average opened opened higher, trading above 19,000 for the first time ever, while the S&P 500 traded above 2,200 shortly after the opening bell on Tuesday.

The S&P 500 SPX, +0.17% opened 5 points, or 0.2%, higher at 2,202. The Dow Jones Industrial Average DJIA, +0.20% added 45 points, or 0.2%, to 19,002. The Nasdaq Composite COMP, +0.25% began the session up 16 points, or 0.3%, at 5,385.

Air Lease Corp. (NYSE: AL) had its price target boosted by equities researchers at FBR & Co from $36.00 to $40.00. FBR & Co currently has a rating of Outperform on the shares. The one-year price target of $42.92 is above the opening price of $35.39, that has caused a number of other analysts to report on the company recently. Looking back over the last 52 weeks, Air Lease Corp. stock has a high of $35.63.

Shares of Air Lease Corp. (NYSE: AL) opened at $35.39 on Tuesday and has traded in a range between, $35.37 and $35.63, and last traded at $35.60, a spike of $0.49 or 1.40% over the previous closing price.

Air Lease Corp. (NYSE: AL) now has a market cap of 3.66B.

Air Lease Corp. (NYSE: AL) Average Daily Trading Volume

The stock’s average daily volume is 973,558 shares out of a total float 95,802,000 and some 52,436 shares traded hands yesterday, below normal. Investors often use swings in trading volume to determine heavy volume growth or distribution by institutional investors, so trading volume is likely to increase in the next few days.

While increased trading for one day will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is critical.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors retain teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.

Air Lease Corp. (NYSE: AL) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By marking the activity of these professional investors and how they affect moving averages,it allows for traders to make more impactful choices on trades.

Trades for Air Lease Corp. (NYSE: AL) have ranged from $22.47 – 35.63, and the stock now has a 50-day MA of $30.90 and 200-day MA of $29.12. Today’s last price is 0.08%% under the 52 week high of $35.63.

Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors seek companies that have raised their earnings by at least 25% over a 3 year period.

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