Today's Research Reports on Trending Tickers: Overstock.com and Stitch Fix
NEW YORK, NY / ACCESSWIRE / July 18, 2018 / U.S. stocks closed up on Tuesday, as the Federal Reserve announced that it would be flexible in the face of changing conditions and will not move too quickly on changing monetary policy. Fresh round of corporate earnings along with central bank's comforting words help lift market enthusiasm. The Dow Jones Industrial Average gained 0.22 percent to close at 25,119.89, while the S&P 500 Index was up 0.40 percent to close at 2,809.55. The Nasdaq Composite Index increased 0.63 percent to close at 7,855.12.
"We've had a lull in trade talk, which has allowed investors to focus on earnings. In order for earnings to really provide a boost to stocks, we'd have to exceed expectations, and the potential for that is there," said chief market strategist at Ameriprise Financial, David Joy. "Recent momentum has been positive," he added.
RDI Initiates Coverage on:
Overstock.com, Inc.
https://rdinvesting.com/news/?ticker=OSTK
Stitch Fix, Inc.
https://rdinvesting.com/news/?ticker=SFIX
Overstock.com's stock jumped 10.53% Tuesday, to close the day at $43.05. The stock recorded a trading volume of 3,196,612 shares, which was above its three months average volume of 1,315,023 shares. In the last year, Overstock.com's shares have traded in a range of 14.30 - 89.80. The share price has gained 201.05% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $35.70 is below its 200-day moving average of $48.21. Shares of Overstock.com have gained roughly 10.67 percent in the past month and are down 32.63 percent year-to-date.
Access RDI's Overstock.com, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=OSTK
On Tuesday, shares of Stitch Fix recorded a trading volume of 2,741,568 shares, which was above the three months average volume of 2,083,223 shares. The stock ended the day 4.24% higher at $34.43. The share price has fallen 0.81% from its 52 week high with a 52 week trading range of 14.48 - 34.71. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $26.37 is above its 200-day moving average of $22.85. Shares of Stitch Fix have gained roughly 33.19 percent in the past month and are up 33.29 percent year-to-date.
Access RDI's Stitch Fix, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SFIX
Our Actionable Research on Overstock.com, Inc. (NASDAQ: OSTK) and Stitch Fix, Inc. (NASDAQ: SFIX ) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
