FLEETCOR Technologies, Inc. (FLT)
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Currently, FleetCor Technologies stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean FLT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Knowing when to sell a stock is even more difficult than knowing when to buy it. Just as when we have to buy shares, determining when is the best time to sell is not a random decision, and we must use our own trading strategy. When selling, as well as buying, our setups are very simple to use but are only valid for selling shares you already own, not for selling short FleetCor Technologies stock
A golden rule is that you should never keep a trade that generates greater losses than those expected upon purchase. When to sell your stock should always be dictated by the stop-loss (automatic or manual)
In the current situation of FleetCor Technologies there is not any eligible sell setup, so FleetCor Technologies stock holders with operations in profit can keep their positions
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last month, 2 analyst ratings were published for FleetCor Technologies
|Aug 31st, 2020|
|Deutsche Bank||Strong buy|
|Sep 21st, 2020|
FleetCor Technologies accumulates a price drop of -15.29% since its latest top early June at $284.21. Like in all downtrends, the stock oscillates drawing lower tops and bottoms. In this case, we have seen 3 consecutive lower tops
A favorite tool of many trading systems are the moving averages, that easily show trend direction. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages
Technical analysts use supports and resistances to identify price points on a chart that may behave as obstacles, containing the price of an asset to move up or down. A support level is a level where the price may stop as it falls. Price is more likely to "rebound" this level rather than break through it. Nevertheless, if the price breaks down the support, it is likely to continue falling until finding another support level. On the other hand, resistance levels are where the price tends to find resistance as it rises. Again, the price is more likely to "rebound" at this level, and if it finally ruptures this level, the price will climb easily until it meets the next resistance
The current resistances are:
The current support levels are:
So-called Bollinger bands are a popular practice introduced by John Bollinger. The Bollinger Bands are bands that fluctuate around a centralmoving average and vary the distance from the bottom to the top depending on market volatility. They are usually drawn by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20
The RSI (Relative Strength Index) is an oscillator-type indicator that gauges price movements to reveal when the share or financial asset is overbought or oversold. Like other oscillation indicators, the RSI fluctuates between 0 and 100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s
The RSI has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really being of any help to us in making any decisions.
2nd-quarter earnings call was hosted by FLT in early August after presenting the earnings report. FLT posted Q2 earnings of $2.28 per share on revenue of $525.1 million. The Wall St estimate was $2.17 per share on revenue of $525.4 million.
This compares to earnings of $2.85 per share same quarter last year, so current EPS is a loss of -20%. Looking at turnover, figures sank a -18.85% compared to $647.1M same quarter 12 months ago.
FLT is releasing quarterly earnings report on early next November. Expected per-share earnings of %s for this quarter is $2.68. If you hold or you are considering buying FLT shares, you must be aware that the earnings reporting day usually has a higher than usual volatility, and price can gap up or down with exceptionally low liquidity and not honouring your buy/stop-loss orders. It's always good to review company's website to confirm time and details about the earnings call and the earnings report.