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Primoris Services Corporation (PRIM) - Buy, Sell or Hold?

Sector: Public Utilities   Sub-Sector: Water Supply
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBearish EngulfingWed, 22 Nov 20172.16%
***Stock database and scans are updated around midnight (New York time) every trading day.
27.44 0.00 (0%) Nov 28 4:00pm EDT
Open: 27.08 Range: 27.07 - 27.48 Vol: 250.81K Avg Vol: 300.52K
EPS: 0.92 P/E ratio: 30.76 EBITDA: 162.46M Mkt Cap: 1.45B
Analyze "PRIM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 27.06
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 27.05
Last Trade is below the 50 day moving average at 28.03
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 25.54
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of PRIM

Stock Trend Analysis - Buy, Sell or Hold "Primoris Services Corporation" (PRIM)?

PRIM is in a very strong uptrend. In the last 52 weeks, PRIM has been trading above the 200 day moving average for 100% of the time with an average daily volume of 300.5K shares being traded. The 50 day moving average, currently at 28.03, 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. PRIM was only able to maintain above the 20 SMA for 22.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in PRIM is near the 200 SMA currently at 25.54. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "PRIM".

The analyst consensus estimates for the 1 year price target for this stock is $29.50* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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