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.
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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.
