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How BlackBerry Performed in Fiscal 2Q18: Another Chapter?

PART:
1 2 3 4 5 6 7 8
Part 8
How BlackBerry Performed in Fiscal 2Q18: Another Chapter? PART 8 OF 8

Where BlackBerry Is Trading Compared to Moving Averages

Stock performance

BlackBerry (BBRY) stock has risen more than 23% in the last five trading days after the company announced its fiscal 2Q18 results and beat analyst estimates on September 28. BlackBerry has generated returns of 33% in the trailing 12-month period and 23% in the last month. Since the start of 2017, BlackBerry stock has risen 60%. In comparison, BlackBerry’s technology (QQQ) peers IBM (IBM), Apple (AAPL), and Microsoft (MSFT) have generated returns of -8%, 37%, and 30%, respectively, in the trailing 12-month period.

Where BlackBerry Is Trading Compared to Moving Averages

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Analyst recommendations

Of the five analysts covering BlackBerry, one has rated it a “buy,” two have recommended a “sell,” and two have recommended a “hold.” Analysts have an average stock price target of $11.08 with a median target of $10.75, which suggests BlackBerry is trading at a premium of 4% to the median analyst target estimate.

Moving averages

On September 29, BlackBerry closed the trading day at $11.18. Based on that figure, here’s how the stock fared in terms of moving averages that day:

  • 10% above its 100-day moving average of $10.16
  • 20% above its 50-day moving average of $9.28
  • 21% above its 20-day moving average of $9.25

RSI and MACD

BlackBerry’s 14-day MACD (moving average convergence divergence) is ~0.05. A stock’s MACD is the difference between its short-term and long-term moving averages. Since BBRY’s MACD is positive, it indicates an upward trading pattern.

BlackBerry also has a 14-day RSI (relative strength index) score of 77, which shows that the stock is trading above overbought territory. If an RSI is above 70, it indicates that a stock has been overbought, while an RSI figure below 30 suggests that a stock has been oversold.

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