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Carbonite, Inc. (CARB) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: EDP Services
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneBullish EngulfingTue, 14 Nov 20173.79%
***Stock database and scans are updated around midnight (New York time) every trading day.
23.25 0.00 (0%) Nov 17 4:00pm EST
Open: 22.85 Range: 22.55 - 23.35 Vol: 471.42K Avg Vol: 351.03K
EPS: 0.02 P/E ratio: 1080.95 EBITDA: 6.83M Mkt Cap: 631.04M
Analyze "CARB" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 22.59
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 22.80
Last Trade is above the 50 day moving average at 22.08
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 20.96
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CARB

Stock Trend Analysis - Buy, Sell or Hold "Carbonite, Inc." (CARB)?

CARB is in a very strong uptrend. In the last 52 weeks, CARB has been trading above the 200 day moving average for 95% of the time with an average daily volume of 351K shares being traded. The 50 day moving average, currently at 22.08, 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, although in a trading range, generally confirms this view as the underlying strength in CARB still has a bullish bias with price maintaining above the 20 SMA for 77.5% of the time in the last two months of trading. Traders who are thinking of going long CARB shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 22.08 and 20.96 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CARB".

The analyst consensus estimates for the 1 year price target for this stock is $27.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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