MSCI Inc. (NYSE: MSCI) shares rose in value Tuesday Nov 29 with slower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
U.S. stocks on Tuesday morning traded near break-even levels, with the main benchmarks switching in and out of negative territory
The Dow Jones Industrial Average DJIA, -0.09% was flat at 19,102. Meanwhile, the Nasdaq Composite COMP, +0.00% traded 18 points, or 0.1%, at 5,362.
The S&P 500 index SPX, -0.04% was off by 0.1%, or 2 points, at 2,199, with five of the 11 main sectors trading lower.
Analysts at Zacks Investment Research upgraded shares of MSCI Inc. (NYSE: MSCI) from Hold to Buy today. With a rating of Buy on the shares, MSCI Inc. has a 52-week high of $90.79. A number of other analysts have issued reports on the company in recent days, and MSCI Inc. has secured a consensus one-year price target of $85.83, above the opening price of $80.59. Usually, after analysts publish an upgrade report on a stock, they will later issue other revisions, often followed by a price target change.
MSCI Inc. (NYSE: MSCI) shares last traded at $80.90, which represents a spike of $0.62 or 0.77% over the previous closing price. Opening at $80.59, they varied from $80.50 and $81.19 throughout the day.
MSCI Inc. (NYSE: MSCI) now has a market cap of 7.61B.
MSCI Inc. (NYSE: MSCI) Average Daily Trading Volume
The stock’s average daily volume is 605,277 shares out of a total float 89,662,000 and some 27,023 shares crossed the trading desk yesterday, below normal. Trading volume is likely to increase in the next few days as swing traders often use swings in trading volume to identify substantial volume aggregation or distribution by institutional investors.
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 delivers a positive cue to market traders that institutions may be moving in, so institutional sponsorship is very important.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have substantial teams of analysts that investigate thousands of stocks, so it is good corroboration to see them taking a postion in a stock you’re researching.
MSCI Inc. (NYSE: MSCI) 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 spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
Trades for MSCI Inc. (NYSE: MSCI) have ranged from $62.17 – 90.79, and the stock now has a 50-day MA of $80.78 and 200-day MA of $81.69. Today’s last price is 10.89%% under the 52 week high of $90.79.
Indeed, earnings growth is among the most important things to look at in regards to stock investing and, accordingly, investors identify companies that have been successful at growing their earnings at least 25% or more for the past 3 years.
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