Commvault Systems, Inc. (NASDAQ:CVLT) is holding above the stock’s moving averages, indicating a postitive uptrend for Technology company.
Investors may be searching high and low for the secret to attaining success in the markets. Knowing when to sell can be just as important as deciding which stocks to buy. Holding on to a loser for too long may leave a sour taste in the mouth. Investors may have unrealistic expectations about a particular name. Knowing when to cut and run can be a gigantic savior for overall portfolio health. Of course if investors end up selling winners too early, they will most likely be leaving too much profit on the table. Finding a good balance and knowing overall market conditions can help with the decision if the time has come. Closely tracking fundamentals and technicals can help give some insight into stock price behavior. Making sure company earnings are in line may also be a wise choice when investing in a recently researched stock.
In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands 5.95% away from its 50-day simple moving average and -12.04% away from the 200-day average. The price currently stands at $47.00.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Commvault Systems, Inc. (NASDAQ:CVLT)‘s stock was -20.46%. -6.84% over the last quarter, and -23.60% for the past six months.
Over the past 50 days, Commvault Systems, Inc. stock was -1.29% off of the high and 15.39% removed from the low. Their 52-Week High and Low are noted here. -32.08% (High), 15.39%, (Low).
The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 66.17 for Commvault Systems, Inc. (NASDAQ:CVLT).
The consensus analysts recommendation at this point stands at 2.10 on this stock. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. The Street has a 53.50 target price on the shares for the next 12-18 months.
As we move into the second half of the year, investors will be keeping a close watch on their portfolios. There are plenty of financial gurus who are predicting the end of the bull market run, and there are plenty on the other side who believe that stocks are bound for greater heights. Whichever way the markets go, investors will need to watch which companies are hitting their marks on the earnings front. Investors may closely follow sell-side analyst estimates. It is important to remember that analyst projections are just that, projections. Following analyst expectations can provide a good glimpse into company actions, but strictly following what the analysts are saying may lead to difficulty in the future. Doing careful and extensive individual stock research may provide the investor with a more robust scope with which to successfully trade the market.
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