Setting Up For A Move Higher: Under Armour, Inc. (UA), Cisco Systems, Inc. (CSCO) – The RNS Daily

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Under Armour, Inc. (NYSE:UA) average daily volatility for this week is 2.45% which is more than the 2.36% recorded over the past month. Its shares dropped by -15.08% or -$3.51 from its last recorded high of $23.28 which it attained on March 12 to close at $19.77 per share. Over the past 52 weeks, the shares of Under Armour, Inc. has been trading as low as $13.9 before witnessing a massive surge by 42.23% or $5.87. This price movement has led to the UA stock receiving more attention and has become one to watch out for. It jumped by 0.41% on Monday and this got the market excited. The stock’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, UA price stands 3.55% above and 2.13% above respectively.

Under Armour, Inc. (UA) rose 1.38% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 37.87% and is now up by 22.26% since start of this year. A look at its monthly performance shows that the stock has recorded a -0.15% fall over the past 30 days. Its equity price climbed by 10.57% over the past three months which led to its overall six-month increase to stand at 17.54%.

Experts from research firms are bullish about the near-term performance of Under Armour, Inc. with most of them predicting a $15 price target on a short-term (12 months) basis. The average price target by the analysts will see a -24.13% rise in the stock and would lead to UA’s market cap to surge to $0. The stock has been rated an average 3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 30 analysts that track Under Armour, Inc. (NYSE:UA) and find out that 15 of them rated it as a Hold. 8 of the 15 analysts rated it as a Buy or a Strong Buy while 7 advised investors to desist from buying the stock or sell it if they already possess it.

A look at UA technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 55.95 point. Its trading volume has lost -702538 shares compared to readings over the past three months as it recently exchanged 1537462 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2240000 shares, and this is 0.69 times the normal volume.

The price of Cisco Systems, Inc. (NASDAQ:CSCO) currently stands at $56.56 after it went up by $0.27 or 0.48% and has found a strong support at $56.33 a share. If the CSCO price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $56.09 mark would also be bad for the stock as it means that the stock would plunge by 0.83% from its current position. However, if the stock price is able to trade above the resistance point around $56.7, then it could likely surge higher to try and break the upward resistance which stands at $56.84 a share. Its average daily volatility over the past one month stands at 1.37%. The stock has plunged by 0.57% from its 52-weeks high of $56.235 which it reached on Apr. 15, 2019. In general, it is 28.84% above its 52-weeks lowest point which stands at $40.25 and this setback was observed on Dec. 24, 2018.

Analysts have predicted a price target for Cisco Systems, Inc. (CSCO) for 1 year and it stands at an average $55.22/share. This means that it would likely increase by -2.37% from its current position. The current price of the stock has been moving between $56.235 and $56.61. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $47. On the other hand, one analyst is super bullish about the price, setting a target as high as $65.

The CSCO stock Stochastic Oscillator (%D) is at 88.64%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 4.97 which compares to the 1.91 recorded by the industry or the 24.31 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 16.75, which is lower than the 21.83 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 3% over the past five years.

Analysts view Cisco Systems, Inc. (NASDAQ:CSCO) as a Buy, with 2 consensus rating. Reuters surveyed 30 analysts that follow CSCO and found that 10 of those analysts rated the stock as a Hold. The remaining 20 were divided, with 20 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Cisco Systems, Inc. (CSCO) shares or sell it if they already own it.

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