QCR Holdings Inc. (NASDAQ: QCRH) shares were down on Monday Dec 19 with lighter 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 DJIA, +0.22% was trading up 37 points, or 0.2%, at 19,879, inching up to break the psychologically important 20,000 level.
The S&P 500 index SPX, +0.20% was up 6 points, or 0.3% at 2,264, with nine of the 11 main sectors trading higher.
The Nasdaq Composite Index COMP, +0.32% added 18 points, or 0.3% to 5,455.
QCR Holdings Inc. (NASDAQ: QCRH) had its price target increased by equities researchers at Maxim Group from $38.00 to $48.00. With a rating of Buy on the stock, QCR Holdings Inc. has a 52-week high of $43.25. The one-year price target of $42.00 is less than the opening price of $42.50, that has caused a number of other analysts to issue statements on the company recently.
Shares of QCR Holdings Inc. (NASDAQ: QCRH) opened at $42.50 on Tuesday trading between $42.45 and $43.15, and last traded at $42.45, which is a drop of $0.05 per share or -0.12% over the previous closing price.
QCR Holdings Inc. (NASDAQ: QCRH) now has a market cap of 555.03M.
QCR Holdings Inc. (NASDAQ: QCRH) Average Daily Trading Volume
The stock’s average daily volume is 42,108 shares out of a total float 12,108,000 and some 5,302 shares crossed the trading desk yesterday, below normal. Look for trading volume to pick up in the coming days as swing traders often use increases in trading volume to pinpoint substantial volume growth or distribution by institutional investors.
However, a single day of high volume buy side trading is not enough to affirm a trend. So market traders will continue to watch 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.
Professional investors such as these have teams of analysts that research thousands of stocks, so it is good corroboration to see them buying a stock you are researching.
QCR Holdings Inc. (NASDAQ: QCRH) 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 winning trades.
With that in mind, QCR Holdings Inc. (NASDAQ: QCRH) now has a 50-day MA of $37.68 and 200-day MA of $31.63. It has traded in a 52-week range between $18.05 – 43.25 and today’s last price is 1.85%% lower than the 52 week high of $43.25.
Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors look for companies that have increased their earnings by at least 25% for the past 3 years.
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