2 Breakout Stocks to Trade Today: LKQ Corporation (LKQ), PDC Energy, Inc. (PDCE)

The shares of LKQ Corporation (NASDAQ:LKQ) dropped by -37.16% or -$15.79 from its last recorded high of $42.49 which it attained on February 16 to close at $26.7 per share. Over the past 52 weeks, the shares of LKQ Corporation has been trading as low as $22.74 before witnessing a massive surge by 17.41% or $3.96. This price movement has led to the LKQ stock receiving more attention and has become one to watch out for. It jumped by 1.06% on Tuesday and this got the market excited. The stock’s beta now stands at 1.26 and when compared to its 200-day moving average and its 50-day moving average, LKQ price stands -10.71% below and 3.85% above respectively. Its average daily volatility for this week is 1.66% which is less than the 2.22% recorded over the past month.

LKQ Corporation (LKQ) sank -1.73% 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 drop that has seen it decline -31.4% and is now up by 12.52% since start of this year. A look at its monthly performance shows that the stock has recorded a 1.44% gain over the past 30 days. Its equity price dipped by -6.84% over the past three months which led to its overall six-month decrease to stand at -20.89%.

Experts from research firms are bullish about the near-term performance of LKQ Corporation with most of them predicting a $39.27 price target on a short-term (12 months) basis. The average price target by the analysts will see a 47.08% rise in the stock and would lead to LKQ’s market cap to surge to $12.51B. The stock has been rated an average 1.6, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 14 analysts that track LKQ Corporation (NASDAQ:LKQ) and find out that 2 of them rated it as a Hold. 12 of the 12 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at LKQ technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 55.07 point. Its trading volume has lost -708455 shares compared to readings over the past three months as it recently exchanged 2391545 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 3100000 shares, and this is 0.77 times the normal volume.

The price of PDC Energy, Inc. (NASDAQ:PDCE) currently stands at $33.64 after it went up by $2.55 or 8.2% and has found a strong support at $32.14 a share. If the PDCE price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $30.64 mark would also be bad for the stock as it means that the stock would plunge by 8.92% from its current position. However, if the stock price is able to trade above the resistance point around $34.53, then it could likely surge higher to try and break the upward resistance which stands at $35.42 a share. Its average daily volatility over the past one month stands at 4.4%. The stock has plunged by 6.27% from its 52-weeks high of $31.53 which it reached on May. 22, 2018. In general, it is 20.96% above its 52-weeks lowest point which stands at $26.59 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for PDC Energy, Inc. (PDCE) for 1 year and it stands at an average $53.48/share. This means that it would likely increase by 58.98% from its current position. The current price of the stock has been moving between $31.53 and $33.92. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $30. On the other hand, one analyst is super bullish about the price, setting a target as high as $80.

The PDCE stock Stochastic Oscillator (%D) is at 29.03%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 2.44 which compares to the 79.36 recorded by the industry or the 10.48 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 12.96, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -39.3% over the past five years.

Analysts view PDC Energy, Inc. (NASDAQ:PDCE) as a Hold, with 2.2 consensus rating. Reuters surveyed 25 analysts that follow PDCE and found that 7 of those analysts rated the stock as a Hold. The remaining 18 were divided, with 17 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying PDC Energy, Inc. (PDCE) shares or sell it if they already own it.