Williams-Sonoma, Inc., International Paper Co, Borgwarner Inc, among others, are the consumer_cyclical stocks approaching important price targets.
A recap of yesterday's session: Markets closed higher yesterday, as Nasdaq closed the day at 11,717, having gained 2.48%. S&P 500 ended the session at 3,960.28 after a 1.76% gain.
What is a Price Target?
A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of consumer_cyclical stocks and their price targets.
Williams-Sonoma, Inc. is in the midst of a 5 day downtrend. a possible change of direction spotted from yesterday; Williams-Sonoma moves up 1.13% to close at $119.95 yesterday. Investors eyeing potential reversal for Williams-Sonoma after the company outperformed its daily average volume by 297%.
While International Paper was in the midst of a 7 day downtrend— in which it lost a total of 8.21%— a possible reversal detected from yesterday; International Paper ascends 0.55% to close at $34.67 yesterday. International Paper bucks the trend and ends the day higher while beating its average trading volume by 108%.
A 7 day downtrend is ongoing for Borgwarner. yesterday may indicate a change of direction; Borgwarner rose $1.03 to close at $46.94 yesterday which makes for a move of 2.24%. Borgwarner bucks the trend and ends the day higher while beating its average trading volume by 112%.