PureStorage stock has risen 64% in 2018
Pure Storage (PSTG) stock has returned 77% in the last 12 months, 18.9% in the last month, and 19% in the last five trading days. Pure Storage stock fell 26% in 2016 and then rose 40% in 2017. Since the start of 2018, it’s risen over 63%.
In comparison, the SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have generated returns of 9.5% and 19%, respectively, in 2018.
Of the 22 analysts tracking Pure Storage, 12 have recommended “buys,” ten have recommended “holds,” and none have recommended “sells” on the stock. Analysts’ 12-month average price target for PSTG is $26.47, and their median estimate is $27. PSTG is trading at a discount of 4% to analysts’ median estimate.
On August 27, PSTG closed the trading day at $25.96. Based on that price, the stock was trading as follows:
- 14.7% above its 100-day moving average of $22.64
- 10.5% above its 50-day moving average of $23.48
- 13% above its 20-day moving average of $23.01
MACD and RSI
PSTG’s 14-day MACD (moving average convergence divergence) is 2.94. A stock’s MACD is the difference between its short-term and long-term moving averages. PSTG’s positive MACD score indicates an upward trading trend.
PSTG has a 14-day RSI (relative strength index) score of 67, which shows that the stock is trading very close to overbought territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that a stock has been oversold.