Target Price for Vodafone Group Plc (VOD) now above 50 DMA also Rowan Companies plc (RDC) above 50 DMA

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Vodafone Group Plc (NASDAQ:VOD) traded at an unexpectedly high on Tuesday, posting a -0.97% after which it closed the day’ session at $28.56. The results of the trading session contributed to over 3,777,222 shares changing hands. Surprise? The volume performance for the stock on the day in question is unusually high, especially when matched against average 3.17M. Traders can make of these figures one thing: sentiment in terms of actual shares traded is heating up. It is obvious after the most recent set of trading results that analysts have a strong opinion on the future movements of the stock.

What Analysts Are Saying And Expect

The price target set for the Vodafone Group Plc (VOD) is $36.52 and this sets up an interesting set of potential movement for the stock. Based on current valuation, the price target means that analysts expect the stock to move 27.87%. The target price is an amalgamation of differing takes on what the stock will do over time.

Citigroup for instance, upgraded the stock on 04/04/2018 whilst Exane BNP Paribas issued a upgraded the stock on 07/03/2018. Numis upgraded coverage for the stock on 05/02/2018 and Raymond James issued a upgraded the stock on 17/01/2018.

All these opinions have come together to present the composite price target for the stock. Traders should keep an eye on these opinions.

Traders seeking a better understanding of the stock can look at the underlying technical data. The stock is down on the following periods of measurement of performance. On a weekly basis, the stock is -1.96%. On a monthly basis the stock is -1.96%. The quarterly performance for the stock is -3.58%, while the half-yearly performance is -1.86%. The stock’s beta is 0.85 whilst the stock has an average true range (ATR) of 0.41.Other technical indicators are worth considering in assessing the prospects for VOD. RSI for instance is currently at 38.32. The stock has seen a fall-off on its SMA50 which is now -0.79%. In looking the SMA 200 we see that the stock has seen a -3.39%.

Rowan Companies plc (NYSE:RDC) 

Rowan Companies plc (RDC) traded at an unexpectedly high on Tuesday, posting a 1.39% after which it closed the day’ session at $14.59. The results of the trading session contributed to over 3,063,511 shares changing hands. Shocker? The volume performance for the stock on the day in question is unusually high, especially when matched against average 2.95M. Traders can make of these figures one thing: sentiment in terms of actual shares traded is heating up. Things couldn’t be clearer about what the analysts think about the potential movement of the stock.

What Analysts Are Saying And Expect

The price target set for the stock is $14.61 and this sets up an interesting set of potential movement for the stock. Based on current valuation, the price target means that analysts expect the stock to move 0.14%. The target price is an amalgamation of differing takes on what the stock will do over time.

Citigroup for instance, upgraded the stock on 04/04/2018 whilst Exane BNP Paribas issued a upgraded the stock on 07/03/2018. Numis upgraded coverage for the stock on 05/02/2018 and Raymond James issued a upgraded the stock on 17/01/2018. BofA/Merrill also upgraded the stock on 09/08/2017.

All these opinions have come together to present the composite price target for the stock. Traders should keep an eye on these opinions.

The technical setup for the stock is informed by some strong movement data that has occurred over the past several months. The stock is up on the following periods of measurement of performance. On a weekly basis, the stock is 6.57%. On a weekly basis, the stock is 6.57%. On a monthly basis the stock is 13.36%. The quarterly performance for the stock is 2.67%, while the half-yearly performance is 3.62%. The stock’s beta is 1.79 whilst the stock has an average true range (ATR) of 0.65.Other technical indicators are worth considering in assessing the prospects for RDC. RSI for instance is currently at 58.29. The stock has seen a uptick on its SMA50 which is now 11.70%. In looking the SMA 200 we see that the stock has seen a 11.16%.

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