DHT Holdings Stock Rallies on Big Accumulation

DHT Holding Shares Attract Big Money

So, what’s Big Money? Said simply, that’s when a stock goes up in price alongside chunky volumes. It’s indicative of institutions betting on the shares.

Smart money managers are always looking for the next hot stock. And DHT has many fundamental qualities that are attractive.

This sets up well for the stock going forward. But how the shares have been trading points to more upside. As I’ll show you, the Big Money has been consistent in the shares.

Each green bar signals big trading volumes as the stock ramped in price:

Source: www.mapsignals.com

Since November, the shares attracted 6 unusual buy signals. Demand for the stock has been high. Those repeated green bars could mean more upside is ahead.

Now, let’s check out the fundamental action grabbing my attention:

DHT Holdings Fundamental Analysis

Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, DHT has been growing sales and EPS at a healthy clip. Take a look:

• 1-year sales growth rate (+52.2%)

• 3-year EPS growth rate (+64.4%)

Source: FactSet

Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.

In fact, DHT has been a top-rated stock at my research firm, MAPsignals recently. That means the stock has buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

Let’s wrap up.

DHT Holdings Price Prediction

The DHT Holdings rally could have further to go. Big Money buying in the shares is signaling to take notice. Shares could be positioned for further upside.

Disclosure: the author holds no positions in DHT at the time of publication.

Learn more about the MAPsignals process here.

Contact

https://mapsignals.com/contact/

This article was originally posted on FX Empire

More From FXEMPIRE:

• S&P 500 Price Forecast – Stock Markets Continue to Wait for Catalyst

• AUD/USD Forecast – Australian Dollar Continues to Threaten Support

• Silver Price Forecast – Silver Continues to Look Choppy

• GBP to USD Forecast – British Pound Continues to Consolidate Near Big Figure

• Broadcom Stock Rallies on High Demand and Strong Fundamentals

• e.l.f. Beauty Stock Rallies on High Demand and Strong Fundamentals