T-Mobile, Match Group Inc, IAC/InterActiveCorp, among others, are the communication services stocks approaching important price targets.
A recap of today's session: Markets completed a mixed session today while Dow Jones ended the session at 34,347 after a 0.45% gain. Nasdaq lost 0.52% and ended the session at 11,226.
What is a Price Target?
A price target is the projection of an asset's future price. The concepts of trading levels support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. These price rates, or targets, are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. Assets that are on a trend and are nearing one of their lines are selected for this article. Check out this rundown of communication services stocks and their price targets.
Buyers pushing T-Mobile towards its price target of $151.6; currently at $151.05
T-Mobile's run now faces a challenge at $151.6, which is only 55 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
T-Mobile continues a 6 day surge, reaping a total of 4.26%. today continued on the same track for T-Mobile — T-Mobile ended Wednesday's session at $150.12. today started with an increase to $151.79, but dropped back and closed at $151.05. The day's trading volume totalled 1.46 million shares — lower than the 21-day average of 5.76 million.
Match Group (MTCH) Price target: $46.62 | Last price: $47.27 | Daily range: $46.89 – $47.96
Pronounced bearish market sentiment ensured that the online dating company made a notable 2.07% loss today, declining $1 and ultimately closing at $47.27. The day's trading volume totalled 857,632 shares — lower than the 21-day average of 4.88 million.
This year has been a gloomy one for the online dating company after trading as high as $137.41 and going on to lose 64.04% of its value. Match Group has a market cap of $13.20 billion with an average daily volume of 4.88 million shares. So far in 2022, it has been doing worse than the Nasdaq by 23.74%. Match Group's last revenue report was $809.55 million with an EPS of 44 cents.
Match Group's run now faces a challenge at $46.62, which is only 65 cents away and will be interesting to follow.
IAC/InterActiveCorp (IAC) Price target: $46.93 | Last price: $47.91 | Daily range: $47.08 – $48.23
IAC/InterActiveCorp's run now faces a challenge at $46.93, which is only 98 cents away and will be interesting to follow.
While IAC/InterActiveCorp is on a 3 day uptrend today's session put the brakes on the ongoing uptrend — without a clear direction, IAC/InterActiveCorp closed at $47.91 while ranging between $47.08 and $48.23. The day's trading volume totalled 316,890 shares — below the 21-day average of 1.30 million.