Stocks Flexing Their Muscles: Splunk Inc. (SPLK), Lamb Weston Holdings, Inc. (LW)

Over the past 52 weeks, the shares of Splunk Inc. (NASDAQ:SPLK) has been trading as low as $82.63 before witnessing a massive surge by 43.99% or $36.35. This price movement has led to the SPLK stock receiving more attention and has become one to watch out for. It dipped by -1.44% on Tuesday and this got the market worried. The stock’s beta now stands at 2.09 and when compared to its 200-day moving average and its 50-day moving average, SPLK price stands 10.72% above and 14.44% above respectively. Its average daily volatility for this week is 2.7% which is less than the 4.18% recorded over the past month. The shares of Splunk Inc. dropped by -8.48% or -$11.02 from its last recorded high of $130 which it attained on September 04 to close at $118.98 per share.

Splunk Inc. (SPLK) rose 4.08% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 32.29% and is now up by 13.48% since start of this year. A look at its monthly performance shows that the stock has recorded a 18.6% gain over the past 30 days. Its equity price climbed by 17.49% over the past three months which led to its overall six-month increase to stand at 12.77%.

Experts from research firms are bullish about the near-term performance of Splunk Inc. with most of them predicting a $131.54 price target on a short-term (12 months) basis. The average price target by the analysts will see a 10.56% rise in the stock and would lead to SPLK’s market cap to surge to $19.09B. The stock has been rated an average 1.9, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 35 analysts that track Splunk Inc. (NASDAQ:SPLK) and find out that 6 of them rated it as a Hold. 28 of the 29 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at SPLK technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 65.33 point. Its trading volume has lost -1038178 shares compared to readings over the past three months as it recently exchanged 1561822 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2600000 shares, and this is 0.6 times the normal volume.

The price of Lamb Weston Holdings, Inc. (NYSE:LW) currently stands at $70.75 after it went down by $-0.13 or -0.18% and has found a strong support at $70.23 a share. If the LW price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $69.71 mark would also be bad for the stock as it means that the stock would plunge by 1.47% from its current position. However, if the stock price is able to trade above the resistance point around $71.37, then it could likely surge higher to try and break the upward resistance which stands at $71.99 a share. Its average daily volatility over the past one month stands at 2.82%. The stock has plunged by 0.59% from its 52-weeks high of $70.33 which it reached on Nov. 14, 2018. In general, it is 25.2% above its 52-weeks lowest point which stands at $52.92 and this setback was observed on Feb. 09, 2018.

Analysts have predicted a price target for Lamb Weston Holdings, Inc. (LW) for 1 year and it stands at an average $81.2/share. This means that it would likely increase by 14.77% from its current position. The current price of the stock has been moving between $70.33 and $71.47. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $74. On the other hand, one analyst is super bullish about the price, setting a target as high as $85.

Analysts view Lamb Weston Holdings, Inc. (NYSE:LW) as a Hold, with 2.5 consensus rating. Reuters surveyed 6 analysts that follow LW and found that 4 of those analysts rated the stock as a Hold. The remaining 2 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Lamb Weston Holdings, Inc. (LW) shares or sell it if they already own it.