Ryanair Holdings PLC (NASDAQ: RYAAY) shares rose in value Tuesday Dec 13 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 DJIA, +0.47% climbed 106 points, or 0.6%, to 19,905. If the Dow finishes higher, it will notch its seventh straight gain.
The S&P 500 index SPX, +0.56% gained 10.45 points, or 0.5%, to 2,267 and the tech-heavy Nasdaq Composite Index COMP, +1.02% added 48 points, or 0.9%, to 5,461.
Both the S&P 500 index SPX, +0.56% and Nasdaq Composite COMP, +1.02% ended lower on Monday, with investors appearing reluctant to push shares higher ahead of the Fed meeting
Analysts at Zacks Investment Research upgraded shares of Ryanair Holdings PLC (NASDAQ: RYAAY) from Sell to Hold today. With a rating of Hold on the shares, Ryanair Holdings PLC has a 52-week high of $89.67. The one-year price target of $86.94 is higher than the opening price of $84.53, resulting a number of other analysts to comment on the stock in recent days. Stock prices often move to the upside on recommendations and new price targets of professional analysts.
Shares of Ryanair Holdings PLC (NASDAQ: RYAAY) opened at $84.53 on Tuesday trading between $84.34 and $84.98, and last traded at $84.82, a spike of $0.64 or 0.75% from the previous closing price.
Ryanair Holdings PLC (NASDAQ: RYAAY) now has a market cap of 21,047.74B.
Ryanair Holdings PLC (NASDAQ: RYAAY) Average Daily Trading Volume
95,583 shares traded hands yesterday, below the average, out of a total float 239,013,000. Investors often use upticks in trading volume to pinpoint substantial volume aggregation or dissemination by institutional investors, so trading volume is likely to increase in the next few days.
However, one day of significant buy side trading is not enough to determine a trend. So market traders will continue to watch for institutional sponsorship as a cue that financial institutions are moving forward.
Institutional sponsorship just refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors 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.
Ryanair Holdings PLC (NASDAQ: RYAAY) 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 successful trades.
Trades for Ryanair Holdings PLC (NASDAQ: RYAAY) have ranged from $66.09 – 89.666, and the stock now has a 50-day MA of $80.23 and 200-day MA of $75.70. Today’s last price is 5.41%% lower than the 52 week high of $89.67.
Earnings growth is a critical factor to research when buying stocks and investors seek companies that have raised 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.