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Holding Steady Above Moving Average Trend Lines are Shares of Synchrony Financial (NYSE:SYF)

admin 5 years ago 2

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Shares of Synchrony Financial (NYSE:SYF) are hovering above their moving averages, indicating a postitive uptrend for the firm. Successfully tackling the equity markets may involve owning a wide range of stocks. Some investors may prefer growth stocks while others may opt for value stocks. Having a good mix of both types may help build of solid foundation for the portfolio. Investors may choose stocks in a specific industry that is gaining strength. If the industry is on the rise, the portfolio may be more likely to succeed. Finding companies that are considered leaders in their field may also be on the investor checklist. A company that has a large presence may help ease investor worry, especially in a down market climate. Finding the perfect stocks to add to the portfolio may not always be easy, and in fact it may be quite difficult. Investors may have to lay out goals to help keep things on track for both the short-term and the long haul.

Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Synchrony Financial (NYSE:SYF)‘s stock was 46.38%.  15.66% over the last quarter, and  19.49% for the past six months. 

Over the past 50 days, Synchrony Financial stock was -1.52% off of the high and 10.47% removed from the low.  Their 52-Week High and Low are noted here.  -5.45% (High), 57.70%, (Low). 

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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 5.13% away from its 50-day simple moving average and 14.98% away from the 200-day average. The price currently stands at $34.34. 

RSI

The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 66.62 for Synchrony Financial (NYSE:SYF).

Returns & Recommendation

The consensus analysts recommendation at this point stands at 1.90 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 $38.11 target price on the shares for the next 12-18 months.

Investors may be searching high and low for the secret to attaining success in the markets. Knowing when to sell can be just as important as deciding which stocks to buy. Holding on to a loser for too long may leave a sour taste in the mouth. Investors may have unrealistic expectations about a particular name. Knowing when to cut and run can be a gigantic savior for overall portfolio health. Of course if investors end up selling winners too early, they will most likely be leaving too much profit on the table. Finding a good balance and knowing overall market conditions can help with the decision if the time has come. Closely tracking fundamentals and technicals can help give some insight into stock price behavior. Making sure company earnings are in line may also be a wise choice when investing in a recently researched stock.

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