Analysts at Stephens initiated coverage on QCR Holdings Inc. (NASDAQ: QCRH) stock, starting the company at Overweight. A number of other analysts have commented on the stock recently, and the company has earned a consensus one-year price target of $32.75, higher than the opening price, potentially setting up a gain for savvy investors. $30.40.
Typically, after analysts publish an “initiating coverage” report on a stock, they will subsequently issue periodic updates.
On Friday, Fed Chairwoman Janet Yellen delivered a much anticipated speech on monetary policy going forward to the end of 2016 and with it a measure of uncertainty. Yellen said the case for a rate hike had “strengthened” but offered no timetable.
The markets responded, again demonstrating its dislike for the uncertain.
All three major indices were higher in early trade, but a mid-day sell-off sent stocks into the red, with only the tech-heavy Nasdaq managing to regain positive territory by the close.
The Dow Jones Industrial Average fell 53 points, or 0.29 percent, to 18,395.
The S&P 500 fell around 3 points, or 0.16 percent, to 2,169.
The Nasdaq climbed 7 points, or 0.13 percent, to end the week at 5,219.
QCR Holdings Inc. (NASDAQ: QCRH) opened at $30.40 today and has traded in a range between, $30.40 and $30.68. The last trade was at $30.46, representing change of $0.09 to the upside or 0.30%.
Stock often cam move up or down on analysts reports and QCR Holdings Inc. (NASDAQ: QCRH) shares traded to the upside, $0.09 per share or 0.30 percent.
QCR Holdings Inc. (NASDAQ: QCRH) now has a market cap of $397.87M
The stock’s average daily volume is 29,597 shares out of a total float 11,206,000 and some 25,317 shares traded hands on Friday, 102 percent lower than normal.
Look for increasing trading volume in trading activity today and going forward.
A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random price fluctuations.
QCR Holdings Inc. (NASDAQ: QCRH) now has a 50-day MA is $29.23 and 200-day MA is $26.01, and it has traded in a 52-week range between $18.05 – 30.68
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