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:
Mercadolibre (NASDAQ:MELI) – Mercadolibre is Latin America’s leading online marketplace and payment platform. 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 7%.
Enterprise Products Partners (NYSE:EPD) – Enterprise Products Partners is a midstream natural gas and crude oil pipeline company. 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 14%.
Marvell (NASDAQ:MRVL) – This company develops semiconductors and related technology. The stock has an overall technical analysis score of a Strong Buy. Likewise, analysts have given MRVL stock a Strong Buy consensus rating, with their 12-month price target indicating a nearly 22% 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.
