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 three 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:
Costco Wholesale (NASDAQ:COST) – Costco operates an international chain of membership-only warehouse clubs. 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 3%.
Adobe (NASDAQ:ADBE) – ADBE provides digital marketing and media solutions. The stock has an overall technical analysis score of a Strong Buy. Likewise, analysts have given ADBE stock a Strong Buy consensus rating, with their 12-month price target indicating a nearly 13% upside on the stock.
Eli Lilly and Company (NYSE:LLY) – This healthcare company manufactures and sells pharmaceutical products globally. 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 over 5%.
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.
