Change of direction? Wyndham Hotels & Resorts, Inc., Chipotle Mexican Grill Inc, Lululemon Athletica Inc, among others, are approaching price targets.
A recap of Friday's session: Leading equity indices in the US rose as Dow Jones closed the day at 31,083, having gained 2.47%. S&P 500 ended the session at 3,752.75 after a 2.37% gain.
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 consumer discretionary stocks and their price targets.
Wyndham Hotels & Resorts's Price target: $71.21 | Last close: $70.17 | Daily range: $67.96 – $70.65 | Off hours: $70.19
Wyndham Hotels & Resorts, Inc.'s run now faces a challenge at $71.21, which is only $1.04 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Maintaining its 16 days rise (+$7.32), Friday's session pointed in the same direction — pronounced bullish sentiment in the market helped Wyndham Hotels & Resorts to make a notable 2.18% gain Friday, rising $1.5 and ultimately closing at $70.17. The day's trading volume totalled 876,223 shares — slightly below the 21-day average of 919,755.
Wyndham Hotels & Resorts is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is 1.03 and the consensus revenue estimate is $378.5 million.
Buyers pushing Chipotle towards its price target of $1,564.22; currently at $1,549.82
Chipotle Mexican Grill's recent run now faces a major challenge as concentrated supply is likely found at $1,564.22 with price action currently $14.4 away.
After dipping down to $1,508.64, Chipotle Mexican Grill regained earlier losses and reached $1,549.82. Daily trading volume (363,123 shares) was slightly above the current multiday average of 297,947.
Chipotle is scheduled to announce earnings results Tuesday. The consensus EPS estimate is 9.17 and the consensus revenue estimate is $2.23 billion.
Lululemon Athletica's Price target: $302.17 | Last close: $298.63 | Daily range: $289 – $299.13 | Off hours: $298.63
Lululemon's run now faces a challenge at $302.17, which is only $3.54 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Lululemon Athletica continues a 6 day uptrend, gaining a total of 3.41%. it was more of the same for Lululemon Athletica Friday — bullish sentiment helped the lifestyle inspired athletic apparel retailer to hammer out a noteworthy $289 to $299.13 range Friday, and finally closing at $298.63 to end the session. The day's trading volume totalled 1.26 million shares — slightly below the 21-day average of 1.57 million.