Another Masterstroke From Bed Bath & Beyond Inc. (BBBY), United Technologies Corporation (UTX)

A look at BBBY technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 71.76 point. Its trading volume has added 20521412 shares compared to readings over the past three months as it recently exchanged 26441412 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 5920000 shares, and this is 4.47 times the normal volume.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) climbed by 9.02% over the past three months which led to its overall six-month decrease to stand at -23.31%. The equity price rose 27.45% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 23.62% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -28.53% and is now up by 34.54% since start of this year.

The shares of Bed Bath & Beyond Inc. dropped by -36.75% or -$8.85 from its last recorded high of $24.08 which it attained on January 24 to close at $15.23 per share. Over the past 52 weeks, the shares of Bed Bath & Beyond Inc. has been trading as low as $10.46 before witnessing a massive surge by 45.6% or $4.77. This price movement has led to the BBBY stock receiving more attention and has become one to watch out for. It jumped by 6.58% on Sunday and this got the market excited. The stock’s beta now stands at 0.94 and when compared to its 200-day moving average and its 50-day moving average, BBBY price stands -8.95% below and 20.17% above respectively. Its average daily volatility for this week is 7.77% which is more than the 6.18% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Bed Bath & Beyond Inc. (BBBY) with most of them predicting a $14.2 price target on a short-term (12 months) basis. The average price target by the analysts will see a -6.76% rise in the stock and would lead to BBBY’s market cap to surge to $1.9B. The stock has been rated an average 3.5, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 21 analysts that track Bed Bath & Beyond Inc. (NASDAQ:BBBY) and find out that 14 of them rated it as a Hold. 0 of the 7 analysts rated it as a Buy or a Strong Buy while 7 advised investors to desist from buying the stock or sell it if they already possess it.

The price of United Technologies Corporation (NYSE:UTX) currently stands at $109.95 after it went down by $-0.46 or -0.42% and has found a strong support at $109.05 a share. If the UTX price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $108.16 mark would also be bad for the stock as it means that the stock would plunge by 1.63% from its current position. However, if the stock price is able to trade above the resistance point around $110.41, then it could likely surge higher to try and break the upward resistance which stands at $110.88 a share. Its average daily volatility over the past one month stands at 2.87%. The stock has plunged by 1.21% from its 52-weeks high of $108.62 which it reached on Sep. 21, 2018. In general, it is 8.61% above its 52-weeks lowest point which stands at $100.48 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for United Technologies Corporation (UTX) for 1 year and it stands at an average $141.68/share. This means that it would likely increase by 28.86% from its current position. The current price of the stock has been moving between $108.62 and $109.98. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $119. On the other hand, one analyst is super bullish about the price, setting a target as high as $185.

The UTX stock Stochastic Oscillator (%D) is at 94.06%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.49 which compares to the 2.33 recorded by the industry or the 2.14 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 14.11, which is lower than the 15.37 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 4.2% over the past five years.

Analysts view United Technologies Corporation (NYSE:UTX) as a Hold, with 2.2 consensus rating. Reuters surveyed 19 analysts that follow UTX and found that 8 of those analysts rated the stock as a Hold. The remaining 11 were divided, with 11 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying United Technologies Corporation (UTX) shares or sell it if they already own it.