Pre-Market Technical Briefing Highlights on Discount Retailers
LONDON, UK / ACCESSWIRE / May 25, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Wal-Mart, Target, Dollar General, and Costco.
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While slower growth is expected for the industry in the years through 2020, several companies in the Discount and Variety Stores space continue to perform consistently well. Let us see how this is affecting some of the big names in the industry. You can access the technical alerts for these equities by signing up at:
Let us take a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.
Wal-Mart Stores Inc. (NYSE: WMT)
International discount retailer, Wal-Mart Stores Inc.’s stock finished yesterday’s session 1.06% higher at $70.24 with a total volume of 8.79 million shares traded. The Company’s shares have advanced 1.85% in the past month, 6.19% in the previous three months, and 16.28% on an YTD basis. The stock is trading 3.80% above its 50-day moving average and 10.61% above its 200-day moving average. Additionally, shares of Wal-Mart Stores have a Relative Strength Index (RSI) of 59.29. On May 20th, 2016, research firms MKM Partners, Nomura, RBC Capital Markets, and Telsey Advisory Group reiterated their previous ratings on the company’s stock, which were ‘Neutral’, ‘Buy’, ‘Underperform’ and ‘Market Perform’, respectively.
Target Corp. (NYSE: TGT)
On Tuesday, shares in Target Corp., the Minnesota headquartered general merchandise retailer, recorded a trading volume of 7.56 million shares, which was above their three months average volume of 5.99 million shares. The stock ended the session 1.12% higher at $68.69. The Company’s shares are trading 8.64% below their 200-day moving average. Moreover, Target’s stock has an RSI of 28.92. On May 19th, 2016, the company’s stock received reiteration of their previous ratings from the following research firms Barclays, MKM Partners and Telsey Advisory Group which were ‘Underweight’, ‘Neutral’, and ‘Outperform’, respectively.
Dollar General Corporation (NYSE: DG)
Shares in Dollar General Corp., the Tennessee-based discount retailer, closed the day 2.71% higher at $83.42. The stock recorded a trading volume of 3.57 million shares, which was higher than its three months average volume of 2.77 million shares. The Company’s shares have gained 1.73% in the last month, 11.44% in the previous three months, and 16.42% on an YTD basis. The stock is trading 12.86% above its 200-day moving average. Additionally, shares of Dollar General have an RSI of 51.89. On May 4th, 2016, Bank of America/ Merrill issued a ratings upgrade from ‘Neutral’ to ‘Buy’ for the company’s stock.
Costco Wholesale Corp. (NASDAQ: COST)
At the close on Tuesday, shares in Costco Wholesale Corp., the Membership warehouses operator, ended at $142.57, gaining 0.39%. The stock recorded a trading volume of 2.81 million shares, which was higher than their three months average volume of 2.43 million shares. The Company’s shares are trading below their 50-day moving average by 5.40%. Furthermore, Costco Wholesale’s stock has an RSI of 37.50. On May 3rd, 2016, RBC Capital Markets initiated an ‘Outperform’ rating for the Company’s stock. Technical alert on COST is available for free at:
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