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Cognex Corporation (CGNX) - Buy, Sell or Hold?

Sector: Capital Goods   Sub-Sector: Industrial Machinery/Components
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017NoneBearish EngulfingWed, 06 Sep 20175.83%
***Stock database and scans are updated around midnight (New York time) every trading day.
113.43 0.00 (0%) Sep 22 4:00pm EDT
Open: 113.06 Range: 113.01 - 114.08 Vol: 270.68K Avg Vol: 802.77K
EPS: 2.19 P/E ratio: 51.82 EBITDA: 207.39M Mkt Cap: 9.82B
Analyze "CGNX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 113.71
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 109.72
Last Trade is above the 50 day moving average at 102.91
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 85.33
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CGNX

Stock Trend Analysis - Buy, Sell or Hold "Cognex Corporation" (CGNX)?

CGNX is in a very strong uptrend. In the last 52 weeks, CGNX has been trading above the 200 day moving average for 100% of the time with an average daily volume of 802.8K shares being traded. In the medium term, the 50 day moving average, currently at 102.91 for CGNX is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by CGNX's ability to stay over the 20 day moving average for more than 100% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter CGNX are at the 50 and 200 SMAs currently at 102.91 and 85.33 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CGNX".

The analyst consensus estimates for the 1 year price target for this stock is $106.40* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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