This morning while screening on Barchart for S&P 500 stocks having the highest technical buy signals Quest Diagnostics (DGX) was near the top of the list. The stock hit 11 new highs and is up 4.95% against a market that fell 5.41% using the Value Line Index of 1700 stocks as my benchmark. Although recently the stock lagged behind its sector it has recently gained momentum.
Barchart technical indicators:
Summary: Quest Diagnostics (DGX) is starting to gain momentum after lagging behind the sector recently. Analysts had 2 major concerns - first, some acquisitions that now have seem to be merged properly and secondly, some legal concerns of over billing made by the State of California that have now been settled. Long term investors could see an annual total return of between 15% - 17% over the next 5 years. |
No comments:
Post a Comment