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BGC Partners, Inc. (BGCP) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Investment Bankers/Brokers/Service
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 16 Aug 2017NoneDojiWed, 09 Aug 20170.71%
***Stock database and scans are updated around midnight (New York time) every trading day.
12.79 0.00 (0%) Aug 16 4:00pm EDT
Open: 12.76 Range: 12.76 - 12.91 Vol: 742.55K Avg Vol: 1.97M
EPS: 0.40 P/E ratio: 32.22 EBITDA: 0.00 Mkt Cap: 3.66B
Analyze "BGCP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 12.64
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 12.80
Last Trade is above the 50 day moving average at 12.63
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 11.27
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of BGCP

Stock Trend Analysis - Buy, Sell or Hold "BGC Partners, Inc." (BGCP)?

BGCP is in a very strong uptrend. In the last 52 weeks, BGCP has been trading above the 200 day moving average for 80% of the time with an average daily volume of 2M shares being traded. The 50 day moving average, currently at 12.63, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. BGCP was only able to maintain above the 20 SMA for 45% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. Traders who are thinking of going long BGCP shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 12.63 and 11.27 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "BGCP".

The analyst consensus estimates for the 1 year price target for this stock is $14.25* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 16 Aug 2017
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