Stocks Dancing Around My Mind Right Now: Costco Wholesale Corporation (COST), Plug Power Inc. (PLUG)

The first technical resistance point for Costco Wholesale Corporation (NASDAQ:COST) will likely come at $235.84, marking a 1.12% premium to the current level. The second resistance point is at $238.48, about 2.21% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $223.96, the lower end of the range. COST’s 14-day MACD is 3.8 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 55.74, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 26.33 percent, which is low when compared to that of the 50-day’s 26.68 percent.

Costco Wholesale Corporation (COST) trade volume has increased by 52.38% as around 3,936,627 shares were sold when compared with its 50-day average volume of traded shares which is 2,583,360. At the moment, COST is witnessing a uptrend, as it is trading 1.47% above its 20-day SMA, 1.9% above its 50-day SMA, and 10.01% above its 200-day SMA. The company runs an ROE of roughly 26.2%, with financial analysts predicting that their earnings per share growth will be around 11.92% per annum for the next five year. This will be compared to the 9% increase witnessed over the past five years.

The last few days have been good for Costco Wholesale Corporation (NASDAQ:COST), as its price has grew by 1.24% during the week. It has also performed poorly over the past three months, as it lost around -1.47% while it has so far climbed around 24.16% during the course of a year. The price of the stock went up by $6.85 now trading at $233.2. Their shares witnessed a 32.66% increase from the 52-week low price of $175.79 they recorded on 2018-02-09. Even though it is still -5.13% behind the $245.16 high touched on 2018-09-11. The stock of COST recorded 25.3% uptrend from the beginning of this year till date. The 12-month potential price target for Costco Wholesale Corporation is set at $244.61. This target means that the stock has an upside potential to increase by 4.89% from the current trading price.

When giving their opinion, around 65.52% of Wall Street analysts, which represents 19 out of 29 rated the stock as a Buy. 10 brokerage firms of the remaining 34.48% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate COST shares held by institutional investors represents 73.2% of total shares. 130 institutions entered new Costco Wholesale Corporation (NASDAQ:COST) positions, 735 added to their existing positions in these shares, 676 lowered their positions, and 62 exited their positions entirely.

The shares of Plug Power Inc. (NASDAQ:PLUG) has decreased by -4.14%, and now trading at $1.62 on the Wall Street in the intra-day deal, with their shares traded now around 2,913,918. This is a rise of 964,330 shares over the average 1,949,588 shares that were traded daily over the last three months. The stock that is trading at $1.62 went higher by 5.88% from its 52-week low of $1.53 that it attained back on 2018-02-09. The stock recorded a 52-week high of $2.48 nearly 351 days ago on 2017-12-21.

PLUG stock hasn’t performed well over the past 30 days, as it lost -15.63% while its price plunged by -31.36% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -8.99% over the last week. The stock’s 12-month potential target price is now at $3.01. This means that the stock price might likely increase by 85.8% from its current trading price.6 out of 8 Wall Street analysts which represents 75% rated the stock as a buy while the remaining 12.5 rated it as a hold, with 12.5 of analysts rating it as a sell.

Plug Power Inc. (NASDAQ:PLUG) has been utilizing an ROE that is roughly -198.3%, with stock analysts predicting that the company’s EPS for the next five years will go up by 25% per year, following the 8.3% raise that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -10.02% below its 20-day SMA, -12.3% below its 50-day SMA, and -15.58% below its 200-day SMA. In percentage terms, the aggregate Plug Power Inc. shares held by institutional investors is 27.7%. 18 institutions jumped in to acquire Plug Power Inc. (PLUG) fresh stake, 56 added to their current holdings in these shares, 52 lowered their positions, and 17 left no stake in the company.

The stock’s 9-day MACD is -0.05 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 24.88, which shows that its stock has been oversold. The 20-day historical volatility for the shares stand at 37.37 percent, which is more when compared to that of the 50-day’s 32.95 percent. On the daily chart, we see that the stock could reach the first level of resistance at $1.68, sporting a 3.57% premium to the current level. The next resistance point is at $1.73, representing nearly 6.36% premium to the current market price of Plug Power Inc. (PLUG). On the other hand, failure to breach the immediate hurdles can drag it down to $1.53, the lower end of the range.