Unilever NV (NYSE: UN) 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 Jefferies Group upgraded shares of Unilever NV (NYSE: UN) from Hold to Buy today. With a rating of Buy on the shares, Unilever NV has a 52-week high of $48.00. A number of other analysts have spoken on the company in recent days, and the company has earned a consensus one-year price target of $44.96, higher than the opening price of $40.76, a difference of 11.00 percent. Usually, after analysts issue an upgrade report on a stock, they will subsequently issue sporadic updates, such as a price target change.
Shares of Unilever NV (NYSE: UN) opened at $40.76 on Tuesday trading between $40.70 and $40.93, and last traded at $40.88, a spike of $0.67 or 1.67% over the previous closing price.
Unilever NV (NYSE: UN) now has a market cap of 116.05B.
Unilever NV (NYSE: UN) Average Daily Trading Volume
503,353 shares traded hands yesterday, below the norm, out of a total float 2,837,210,000. Investors often use upticks in trading volume to determine substantial volume growth or dissemination by institutional investors, so trading volume is likely to increase in the next few days.
However, one day of high volume buy side trading is not enough to affirm a trend. As such, market traders will continue to look 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 teams of analysts researching thousands of stocks. So watching their interests is a good way to make sure you are buying the right stocks.
Unilever NV (NYSE: UN) 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.
Trades for Unilever NV (NYSE: UN) have ranged from $38.41 – 48.0000, and the stock now has a 50-day MA of $40.41 and 200-day MA of $44.27. Today’s last price is 14.83%% under the 52 week high of $48.00.
Earnings growth is a critical factor to consider when buying stocks and investors seek companies that have raised their earnings by at least 25% over the past 3 years.
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