When monitoring analyst ratings, investors can use the average brokerage recommendation score to determine the consensus view on the stock. The ABR is an average of the recommendations offered by research firms on a given equity. The ABR rank is displayed in the range of 1 to 5 where 1 indicates a Strong Buy and a rating of 5 represents a Strong Sell. While tracking shares of Chegg, Inc. (NYSE:CHGG), we have noted that the current average broker rating is currently 1.45. Going further, we can see that 9 Wall Street analysts have given the stock a Strong Buy or Buy rating, based on analysts polled by Zacks Research.

Investors are often faced with difficult decisions when trading the equity market. Sometimes, the decision to sell a certain stock may be just as important as the decision to buy the stock in the first place. Individual investors may have done the research, had some good fortune, and are now dealing with a big winner in the portfolio. Even though a stock has had a big run, it may be time to unload and take some profits. Holding on to a winner too long can eat into profits that may have been better spent getting into another promising name. On the flip side, investors may have trouble letting go of an underperforming portfolio loser. The emotional attachment to a stock can cause the investor to hold onto a stock for way too long. Maybe the stock was thoroughly researched, but it just keeps going lower. Being able to cut the ties instead of waiting for a bounce back may be beneficial for portfolio health in the long run.

Shifting gears, we can see that the current quarter EPS consensus estimate for Chegg, Inc. (NYSE:CHGG) is 0.29. This EPS estimate is using 7 sell-side analysts polled by Zacks Research. For the prior reporting period, the company posted a quarterly EPS of 0.23. As we move through earnings season, all eyes will be on the company to see if they can beat analyst estimates and show improvement from the last quarter. When a company reports actual earnings numbers, the surprise factor can cause a stock price to realize increased activity. Investors and analysts will be closely watching to see how the earnings results impact the stock after the next release. Many investors will decide to be cautious around earnings releases and delay buy/sell moves until after the stock price has steadied.

Viewing some popular support and resistance marks on shares of Chegg, Inc. (NYSE:CHGG), we can see that the 52-week high is presently $45.77, and the 52-week low is currently $22.99. When the stock is trading near the 52-week high or 52-week low, investors may be on the lookout for a potential break through the level. Looking at recent action, we can see that the stock has been trading near the $32.59 level. Investors may also want to track historical price activity. Over the past 12 weeks, the stock has changed -24.42%. Looking further back to the beginning of the calendar year, we note that shares have moved 14.67%. Over the previous 4 weeks, shares have seen a change of 8.81%. Over the last 5 trading sessions, the stock has moved -0.43%. Investors will be monitoring stock activity over the next few days to try and gauge which way the momentum is shifting.

Investors might be looking at various types of stocks that can be added to the portfolio. Selecting a wider range of equities may help the portfolio withstand prolonged market turmoil. Growth stocks typically have the potential to produce profit growth and above average revenues. Growth companies may reinvest a large amount of earnings back into the business. Fast growing companies can be attractive, but it may be important to verify whether or not shares are valued properly before buying in. Some investors may choose to select cyclical stocks. Cyclicals include companies that are very sensitive to the overall swings of the economy. Investors might also turn to adding foreign stocks to the portfolio. Keeping the portfolio diversified may end up being an important factor for longer-term investing success.