TipRanks’ Technical Analysis Screener gives investors everything they need to find the stocks that fit their unique technical analysis investment strategy. Using the screener, we have identified 3 stocks that are heavy hitters, considered Strong Buys according to both their technical analysis score and Wall Street analysts’ ratings.
Here are this week’s stocks:
Prologis (NYSE:PLD) – Prologis is a real estate investment trust. The stock has an overall technical analysis score of a Strong Buy. Moreover, the analyst consensus rating is a Strong Buy, and their 12-month consensus price target indicates an upside of about 11%.
Thermo Fisher (NYSE:TMO) – This is an American supplier of analytical instruments and life sciences solutions. The stock carries an overall technical analysis score of Strong Buy. Analysts concur with that sentiment, giving a Strong Buy consensus rating with a 12-month price target that implies an upside of nearly 4%.
Mercadolibre (NASDAQ:MELI) – MercadoLibre is a leading e-commerce platform. The stock has an overall technical analysis score of a Strong Buy. Likewise, analysts have given MELI stock a Strong Buy consensus rating, with their 12-month price target indicating a nearly 6% upside on the stock.
What is the TipRanks Technical Analysis Score?
TipRanks’ unique calculation combines the Moving Average score and the Oscillator score to assess a stock’s technical strength or weakness. The score provides a comprehensive view of a stock’s potential price movement, based on historical data and technical analysis.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
