Edgewell Personal Care Co. (NYSE: EPC) shares rose in value Thursday Nov 17 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile, stocks opened flat this morning, struggling for direction in early trade ahead of congressional testimony by Federal Reserve Chairwoman Janet Yellen. Ahead of an appearance before the Joint Economic Committee, Yellen said an interest-rate hike could come “relatively soon,”
The S&P 500 SPX, +0.25% fell less than 0.1% to 2,176.85 while Dow Industrials DJIA, -0.05% fell 9 points to 18,858. The Nasdaq Composite COMP, +0.18% declined 0.1% to 5,291.48.
Analysts at Zacks Investment Research upgraded shares of Edgewell Personal Care Co. (NYSE: EPC) from Hold to Strong-Buy today. Zacks Investment Research currently has a rating of Strong-Buy on the stock. A number of other analysts have commented on the company in recent days, and the company has secured a consensus one-year price target of $87.45, above the opening price of $81.52. Edgewell Personal Care Co. stock has a 52-week high of $88.00. Usually, after analysts assign an upgrade report on a stock, they will later issue sporadic updates, such as a price target change.
Edgewell Personal Care Co. (NYSE: EPC) shares last traded at $81.52, which represents a jump of $0.03 or 0.04% from the previous closing price. Opening at $81.52, they ranged from $81.47 and $81.95 throughout the day.
Edgewell Personal Care Co. (NYSE: EPC) currently has a market cap of 4.78B.
Edgewell Personal Care Co. (NYSE: EPC) Average Daily Trading Volume
27,360 shares traded hands yesterday, lower than the average, out of a total float 58,160,000. Look for trading volume to pick up in the coming days as swing traders often use increases in trading volume to identify substantial volume aggregation or distribution by institutional investors.
However, a single day of significant buy side trading is not enough to affirm a trend. So market traders will continue to look for institutional sponsorship as a cue that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have substantial teams of analysts that research thousands of stocks, so it is good corroboration to see them taking a postion in a stock you are researching.
Edgewell Personal Care Co. (NYSE: EPC) 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 identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
With that in mind, Edgewell Personal Care Co. (NYSE: EPC) now has a 50-day MA of $77.49 and 200-day MA of $79.75. It has traded in a 52-week range between $67.94 – 88.00 and today’s last price is 7.36%% lower than the 52 week high of $88.00.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors look for companies that have increased their earnings by at least 25% over a 3 year period.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.