Stock Hits 101.25, Is Quest Diagnostics Incorporated ($NYSE:DGX) Now Worth a Look?

With earnings at the forefront, I will take a look at how Quest Diagnostics Incorporated (NYSE:DGX)’s have stacked up recently. Quest Diagnostics Incorporated (NYSE:DGX)’s trailing twelve months EPS is 5.19.  Growth for this year is reported as 9.20% while their EPS growth over the past five years is -0.50%.  Analysts are predicting Quest Diagnostics Incorporated’s stock to grow 3.99% and have a price target of $108.69, compared to a recent bid of 101.25.  Moving -0.15% in the last session, the 21.59% year to date movement is indicitive of additional moves to come this year. 

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In addition to sell-side rational, we can also take a look at some additional data points. The stock is currently -2.40% away from its 50-day simple moving average and 4.69% away from the 200 day average. Based on a recent trade, the shares are -6.22% away from the 52-week high and 28.25% from the 52-week low. The RSI (Relative Strength Index), which shows price strength by comparing upward and downward close to close movements. An RSI approaching 70 is typically deemed to be nearing overbought status and could be ripe for a pullback. Alternatively an RSI nearing 30 indicates that the stock could be getting oversold and might be considered undervalued. The RSI for Quest Diagnostics Incorporated(NYSE:DGX) currently stands at 44.46. 

Investors may be trying to get an edge by following current technical levels for Quest Diagnostics Incorporated (NYSE:DGX). In terms of Moving Averages, the 50-day is 103.39, the 200-day is at 95.96, and the 7-day is 101.17. Using a longer term moving average such as the 200-day may help block out the noise and chaos that is sometimes created by daily price fluctuations. In some cases, MA’s may be used as strong reference points for finding support and resistance levels. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The moving average can be used as a reference point to assist with the discovery of buying and selling opportunities.

Quest Diagnostics Incorporated (NYSE:DGX)’s Williams Percent Range or 14 day Williams %R currently sits at -74.77. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Quest Diagnostics Incorporated (NYSE:DGX) currently has a 14-day Commodity Channel Index (CCI) of -63.86. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

Currently, the 14-day ADX for Quest Diagnostics Incorporated (NYSE:DGX) is sitting at 18.84. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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