Service Corporation International (NYSE:SCI)’ stock is holding above their moving averages, indicating a postitive uptrend for Services company.
Investors are always striving to make wiser decisions when it comes to handling the markets. There are so many options available, and that can make things more complex. Beginning with a solid approach can help ease the investor’s initial foray into the stock market. Accumulating market knowledge may take a lot of time and effort. Many investors may find out the hard way that there is no easy way to beat the markets. Many investors are teased with investment tips from friends or colleagues. It can be very tempting to take advice from someone who has a track record of beating the market. However, the old saying remains the same; past results may not indicate future results. Investors may find that doing their own research can provide a huge boost to portfolio performance.
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 1.58% away from its 50-day simple moving average and 8.88% away from the 200-day average. The price currently stands at $47.20.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Service Corporation International (NYSE:SCI)‘s stock was 16.49%. 11.19% over the last quarter, and 4.13% for the past six months.
Over the past 50 days, Service Corporation International stock was -2.76% off of the high and 6.40% removed from the low. Their 52-Week High and Low are noted here. -2.76% (High), 25.80%, (Low).
The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 54.11 for Service Corporation International (NYSE:SCI).
Returns & Recommendation
The consensus analysts recommendation at this point stands at 1.50 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 52.75 target price on the shares for the next 12-18 months.
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