Advertisement
UK markets close in 4 hours 38 minutes

  • FTSE 100

    8,066.78
    +42.91 (+0.53%)
     

  • FTSE 250

    19,729.34
    +129.95 (+0.66%)
     

  • AIM

    753.51
    +4.33 (+0.58%)
     

  • GBP/EUR

    1.1588
    -0.0000 (-0.00%)
     

  • GBP/USD

    1.2347
    -0.0004 (-0.03%)
     

  • Bitcoin GBP

    53,658.75
    +154.32 (+0.29%)
     

  • CMC Crypto 200

    1,424.30
    +9.54 (+0.67%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • DOW

    38,239.98
    +253.58 (+0.67%)
     

  • CRUDE OIL

    81.69
    -0.21 (-0.26%)
     

  • GOLD FUTURES

    2,316.70
    -29.70 (-1.27%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • DAX

    18,045.08
    +184.28 (+1.03%)
     

  • CAC 40

    8,089.53
    +49.17 (+0.61%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Moving Average Crossover Alert: Avid Technology, Inc. (AVID)

Zacks Equity Research
Updated
Cohen & Steers (CNS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Avid Technology, Inc. AVID could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AVID broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 65.4% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for AVID stock.

If that wasn’t enough, AVID isn’t looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.

Consider that in the last 30 days, 1 estimate has been reduced, while none has moved higher. Add this in to a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.

ADVERTISEMENT

That is why we currently have a Zacks Rank #5 (Strong Sell) on this stock and are looking for it to underperform in the weeks ahead. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for AVID. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Can Hackers Put Money INTO Your Portfolio?

Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.

Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.

Download the new report now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Avid Technology, Inc. (AVID) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research