Pay attention to the following industrials stocks approaching critical price targets: RADA Electronic Industries Ltd., FTI Consulting, Inc., CNH Industrial N.V. are the ones to watch.
Here's an update with information from the last trading session: Markets closed higher Friday; Dow Jones closed the day at 33,746, having gained 0.59%. S&P 500 ended the session at 3,965.34 after a 0.48% 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 industrials stocks and their price targets.
Buyers pushing RADA Electronic Industries towards its price target of $9.82; currently at $9.66
It will be interesting to follow how RADA Electronic Industries Ltd.'s run now faces a challenge at $9.82, which is only 16 cents away.
While in the midst of a 4 day downtrend, losing a total of 2.42% (35 cents), Friday may indicate a change of direction; after dipping down to $9.35, RADA Electronic Industries regained earlier losses and closed at $9.66. Friday's trading volume was 89,988 shares which is lower than the 21-day average of 211,528.
RADA Electronic Industries is scheduled to announce earnings results Wednesday. The consensus EPS estimate is 0.05 and the consensus revenue estimate is $30.61 million.
FTI Consulting's price target: $166.46 | Last close: $168.78 | Daily range: $167.53 – $173.25 | Off hours: $168.78
FTI Consulting could begin to recover as it approaches significant support, now $2.32 away from $166.46. Dipping below could be an indication that further losses are ahead.
FTI Consulting has almost recovered all its losses from a previous close of $172.46 after dipping down to $167.53 Friday. The day's trading volume totalled 444,083 shares — slightly below the 21-day average of 459,867.
CNH Industrial's Price target: $15.48 | Last close: $15.38 | Daily range: $15.25 – $15.47 | Off hours: $15.38
Having ended a bullish session Friday at $15.38, momentum helped CNH Industrial finish the day 26 cents or 1.72% higher, although mixed sentiments ensured CNH Industrial etched out a distinct $15.25 to $15.47 session range. Friday's gains added to CNH Industrial's 5 days uptrend, during which it increased a total of 9 cents. Friday's trading volume was 3.30 million shares which is slightly under the 21-day average of 4.53 million.
CNH Industrial is up 40.39% from the significant low of $10.77 it hit 4 months ago. The company has a market cap of $20.68 billion with an average daily trading volume of 4.53 million shares. So far in 2022, it has been outperforming the Nasdaq by 33.8%. CNH Industrial expected revenue of $5.23 billion with an EPS of 32 cents.
CNH Industrial's run now faces a challenge at $15.48, which is only 10 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.