CDW Corporation stock upgraded to Buy Candidate.
(Updated on Dec 03, 2021)
Buy candidate since 2021-12-03 PDF
The CDW Corporation stock price fell by -1.01% on the last day (Friday, 3rd Dec 2021) from $193.62 to $191.67. During the day the stock fluctuated 2.57% from a day low at $190.05 to a day high of $194.93. The price has been going up and down for this period, and there has been a -1.82% loss for the last 2 weeks. Volume has increased on the last day by 135 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 871 thousand shares were bought and sold for approximately $166.87 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CDW Corporation stock with a 90% probability to be traded between $174.66 and $200.58 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -4.06%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The CDW Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $192.17. On a fall, the stock will find some support from the long-term average at approximately $189.82. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss
CDW Corporation finds support from accumulated volume at $191.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.88 (2.57%) between high and low. For the last week, the stock has had a daily average volatility of 3.80%.
Our recommended stop-loss: $183.78 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Is CDW Corporation stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.092
Predicted Opening Price for CDW Corporation of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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On Nov 04, 2021 "Raymond James" gave "$205.00 - $210.00" rating for CDW. The price target was set to $185.59+0.0%.
CDW Insider Trading
|Nov 18, 2021||Sell||3 400||Corley Christina M||Employee Stock Option (Right to Buy)|
|Nov 18, 2021||Sell||3 400||Corley Christina M||Common Stock, par value $0.01|
|Nov 18, 2021||Buy||3 400||Corley Christina M||Common Stock, par value $0.01|
|Oct 18, 2021||Sell||3 400||Corley Christina M||Employee Stock Option (Right to Buy)|
|Oct 18, 2021||Sell||3 400||Corley Christina M||Common Stock, par value $0.01|
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