Jefferies Group analysts reiterated its Buy rating on Willis Towers Watson PLC (NASDAQ: WLTW) in a note to investors, making it one of the more closely watched stocks on Wall Street. With a rating of Buy on the stock, Willis Towers Watson PLC has a 52-week high of $129.70. A number of other analysts have spoken on the company recently, and the company has earned a consensus one-year price target of $135.38, higher than the opening price of $125.93, a difference of 10.77 percent. Stock prices sometimes get a bounce to the upside when analysts reiterate coverage.
U.S. stocks closed higher Tuesday as investors anticipate the results of meetings from the Federal Reserve and the Bank of Japan.
The Dow Jones Industrial Average DJIA, +0.05% rose 9.79 points, or less than 0.1%, to close at 18,129.96.
The S&P 500 index SPX, +0.03% advanced 0.64 points to finish at 2,139.76, led by gains in the health-care and consumer-staples sectors.
The Nasdaq Composite index COMP, +0.12% gained 6.33 points, or 0.1%, to close at 5,241.35.
Yesterday Willis Towers Watson PLC (NASDAQ: WLTW) shares last traded at $125.68, which represents a spike of $1.00 over the previous closing price. Opening at $125.93, they ranged from $125.42 and $126.38 throughout the day.
Willis Towers Watson PLC (NASDAQ: WLTW) now has a market cap of 17.35B.
310,987 shares crossed the trading desk yesterday, 43 percent lower than the average, out of a total float 129,408,000. Look for trading volume to pick up in the coming days as momentum traders often use swings in trading volume to pinpoint large volume growth or distribution by institutional investors.
While increased trading for one day will not mean much, however, a trend of heavy trading volume on the buy side over a series of days or weeks delivers a positive cue to market traders that institutions may be moving in, so institutional sponsorship is crucial.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors have teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of winning trades.
With that in mind, Willis Towers Watson PLC (NASDAQ: WLTW) now has a 50-day MA of $123.42 and 200-day MA of $123.06. It has traded in a 52-week range between $104.11 – 129.70 and today’s last price is 0.03% lower than the 52 week high of $129.70.
Earnings growth is a crucial factor to consider when buying stocks and investors identify companies that have raised their earnings at least 25% or more over a 3 year period.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of the website. Readers should not consider statements made by the author as formal recommendations and should consult their financial adviser before making any investment decisions. To read our full disclosure, please see our terms and conditions page.