Village Farms International, Inc., Coca-Cola, TAL Education Group, among others, are the consumer staples stocks approaching important price targets.
A quick recap of where the last trading session ended: Markets closed higher yesterday; Dow Jones closed the day at 33,161, having gained 1.02%. S&P 500 gained 0.56% and closed at 3,828.
What is a Price Target?
A price target is the projection of an asset’s future price. Support and resistance lines are important components of technical analysis used in predicting a price target because they prevent an asset from being pushed beyond a certain limit. When an asset drops in value it nears its support line, and when it increases in value it comes closer to its resistance line. Assets that are on a trend and are approaching one of their lines are selected for this article. Check out this rundown of consumer staples stocks and their price targets.
Village Farms dives below key support at $2.04; eyes $2 as next downside barrier
Village Farms International, Inc. fell below the $2.04 support zone and receded 20 cents beyond it.
Having fallen 11 cents in 5 days, yesterday’s session continued down the same path: Village Farms shed 10.68%, falling to $1.84. Daily trading volume (2.14 million shares) was above the current multiday average of 565,103.
Village Farms is scheduled to announce earnings results today. The consensus EPS estimate is -0.09 and the consensus revenue estimate is $76.34 million.
Coca-Cola’s Price target: $59.76 | Last close: $59.6 | Daily range: $58.94 – $59.79 | Off hours: $59.59
Coca-Cola’s recent run now faces a major challenge as concentrated supply is likely found at $59.76 with price action currently 16 cents away.
3 days and 71 cents of gains are not enough for Coca-Cola. Coca-Cola stayed on track yesterday: hesitant but grinding higher: Coca-Cola closed at $59.6 after ranging between $58.94 and $59.79. The day’s trading volume totalled 9.60 million shares — slightly below the 21-day average of 14.32 million.
TAL Education’s price target: $4.92 | Last close: $5.11 | Daily range: $5 – $5.28 | Off hours: $5.11
TAL Education is eyeing the $4.92 support line.
After ending Monday at $5.36, TAL Education dropped to $5 early in yesterday’s session and closed at $5.11. In total, it lost 4.66%. The day’s trading volume totalled 3.75 million shares — below the 21-day average of 7.39 million.