FleetCor Technologies (NYSE:FLT) Heffx Technical Analysis Buy Rating
Several research analysts have weighed in on FLT. Citigroup Inc started coverage on shares of FleetCor Technologies in a research note on Thursday, December 15th. They set a “buy” rating and a $185.00 target price for the company. Oppenheimer Holdings Inc. reissued an “outperform” rating on shares of FleetCor Technologies in a research report on Tuesday, December 20th. Zacks Investment Research raised shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $166.00 price target on the stock in a research report on Monday, January 30th. William Blair reaffirmed an “outperform” rating on shares of FleetCor Technologies in a report on Friday, February 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $184.00 target price on shares of FleetCor Technologies in a report on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $177.93.
Overall, the bias in prices is: Downwards.
Short term: Prices are moving.
Intermediate term: Prices are trending.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 152.27.
The projected upper bound is: 140.31.
The projected lower bound is: 120.80.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 27.0697. This is not an overbought or oversold reading. The last signal was a sell 4 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 33.31. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 18 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -282.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 2 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.
Rex Takasugi – TD Profile
FLEETCOR TECHNO closed down -6.740 at 131.260. Volume was 511% above average (trending) and Bollinger Bands were 3% narrower than normal.
Open High Low Close Volume___
137.720 138.290 121.590 131.260 1,551,058
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 145.21 153.92 157.15
Volatility: 73 42 37
Volume: 511,247 312,296 220,010
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
FLEETCOR TECHNO is currently 16.5% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of FLT.N at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on FLT.N and have had this outlook for the last 36 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.
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