Analysts at Zacks Investment Research upgraded shares of Southwest Gas Corp. (NYSE: SWX) from Sell to Hold today. Zacks Investment Research currently has a rating of Hold on the shares. The one-year price target of $73.50 is above the opening price of $70.49, causing a number of other analysts to report on the company recently. Looking back over the last year, Southwest Gas Corp. stock has a high of $79.58. Stock prices often shift to the upside on recommendations and new price targets of professional brokerage firms.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Yesterday Southwest Gas Corp. (NYSE: SWX) shares last traded at $70.15, a decrease of $0.02 compared to the previous closing price. Opening at $70.49, they varied from $70.09 and $70.80 throughout the day.
Southwest Gas Corp. (NYSE: SWX) now has a market cap of 3.33B.
158,537 shares traded hands yesterday, 113 percent below the norm, out of a total float 46,909,000. Investors often use upticks in trading volume to identify substantial volume aggregation or dissemination by institutional investors, so look for trading volume to pick up in the coming days.
While increased trading for short periods will not mean much, however, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive signal to market traders that institutions may be moving in, so institutional sponsorship is critical.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors retain substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
By spotting trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
Trades for Southwest Gas Corp. (NYSE: SWX) have ranged from $50.53 – 79.58, and the stock now has a 50-day MA of $71.82 and 200-day MA of $70.49. Today’s last price is 0.12% below the 52 week high of $79.58.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors watch for companies that have increased their earnings by at least 25% for a 3 year period.
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