National Beverage Corp. (NASDAQ: FIZZ) shares rose in value Monday Dec 5 with slower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile, the Dow Industrials on Monday opened at an all-time high as investors dismissed concerns about the outcome of Italy’s referendum on Sunday.
The Dow Jones Industrial Average rose DJIA, +0.41% 85 points, or 0.5%, at 19,260, the S&P 500 index SPX, +0.42% began trade 9 points, or 0.4%, higher at 2,201, while the Nasdaq Composite Index COMP, +0.43% advanced 27 points, or 0.5%, at 5,282.
Analysts at Credit Suisse Group AG upgraded shares of National Beverage Corp. (NASDAQ: FIZZ) from Neutral to Outperform today. With a rating of Outperform on the stock, the company has a 52-week high of $64.73. As a means of comparison, a number of other analysts have issued reports on the stock in recent days, and the company has earned a consensus one-year price target of $55.00, above the opening price of $50.10. Share prices often move to the upside on recommendations and new price targets of professional brokerage firms.
Shares of National Beverage Corp. (NASDAQ: FIZZ) opened at $50.10 on Tuesday and has traded in a range between, $50.10 and $51.78, and last traded at $51.17, an increase of $3.11 or 6.47% over the previous closing price.
National Beverage Corp. (NASDAQ: FIZZ) now has a market cap of 2.38B.
National Beverage Corp. (NASDAQ: FIZZ) Average Daily Trading Volume
102,809 shares crossed the trading desk yesterday, lower than the average, out of a total float 11,623,000. Momentum traders often use increases in trading volume to identify large volume accumulation or distribution by institutional investors, so trading volume is likely to increase in the next few days.
However, just a day of heavy buy side trading is not enough to assert a trend. So market traders will continue to look for institutional sponsorship as a signal that financial institutions are moving forward.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Institutional investors such as these have substantial teams of analysts researching thousands of stocks. So watching their interests is a good way to ensure you are buying the right stocks.
National Beverage Corp. (NASDAQ: FIZZ) 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 investors to make those trends work in their favor and increase the number of winning trades.
With that in mind, National Beverage Corp. (NASDAQ: FIZZ) now has a 50-day MA of $48.51 and 200-day MA of $52.48. It has traded in a 52-week range between $32.35 – 64.73 and today’s last price is 20.95%% lower than the 52 week high of $64.73.
Earnings growth is a crucial factor to consider when buying stocks and investors identify companies that have increased their earnings at least 25% or more for 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.