Journey To Perfect Pick: Cirrus Logic, Inc. (CRUS), 3M Company (MMM)

The first technical resistance point for Cirrus Logic, Inc. (NASDAQ:CRUS) will likely come at $39.04, marking a 2.79% premium to the current level. The second resistance point is at $40.14, about 5.46% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $35.14, the lower end of the range. CRUS’s 14-day MACD is -0.19 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 48.8, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 68.93 percent, which is high when compared to that of the 50-day’s 54.6 percent.

Cirrus Logic, Inc. (CRUS) trade volume has increased by 215.77% as around 3,065,337 shares were sold when compared with its 50-day average volume of traded shares which is 970,758. At the moment, CRUS is witnessing a downtrend, as it is trading -2.33% below its 20-day SMA, 0.16% above its 50-day SMA, and -4.79% above its 200-day SMA. The company runs an ROE of roughly 8.6%, with financial analysts predicting that their earnings per share growth will be around 15% per annum for the next five year. This will be compared to the 11% increase witnessed over the past five years.

The last few days have been good for Cirrus Logic, Inc. (NASDAQ:CRUS), as its price has grew by 2.26% during the week. It has also performed poorly over the past three months, as it lost around -14.33% while it has so far retreated around -25.78% during the course of a year. The price of the stock went down by -$0.72 now trading at $37.95. Their shares witnessed a 10.03% increase from the 52-week low price of $34.49 they recorded on 2018-10-11. Even though it is still -45.27% behind the $55.13 high touched on 2018-01-18. The stock of CRUS recorded -26.82% downtrend from the beginning of this year till date. The 12-month potential price target for Cirrus Logic, Inc. is set at $46.78. This target means that the stock has an upside potential to increase by 23.27% from the current trading price.

When giving their opinion, around 40% of Wall Street analysts, which represents 4 out of 10 rated the stock as a Buy. 4 brokerage firms of the remaining 40% rated the stock as a Hold with 2 analyst rating it as a sell. Overall, the number of aggregate CRUS shares held by institutional investors represents 94.3% of total shares. 42 institutions entered new Cirrus Logic, Inc. (NASDAQ:CRUS) positions, 131 added to their existing positions in these shares, 140 lowered their positions, and 47 exited their positions entirely.

The shares of 3M Company (NYSE:MMM) has decreased by -3.14%, and now trading at $202.2 on the Wall Street in the intra-day deal, with their shares traded now around 2,686,999. This is a rise of 58,173 shares over the average 2,628,826 shares that were traded daily over the last three months. The stock that is trading at $202.2 went higher by 11.11% from its 52-week low of $181.98 that it attained back on 2018-10-26. The stock recorded a 52-week high of $259.77 nearly 313 days ago on 2018-01-26.

MMM stock has performed well over the past 30 days, as it added 4.87% while its price plunged by -14.09% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 0.75% over the last week. The stock’s 12-month potential target price is now at $205.13. This means that the stock price might likely increase by 1.45% from its current trading price.7 out of 19 Wall Street analysts which represents 36.84% rated the stock as a buy while the remaining 42.11 rated it as a hold, with 21.05 of analysts rating it as a sell.

3M Company (NYSE:MMM) has been utilizing an ROE that is roughly 41.9%, with stock analysts predicting that the company’s EPS for the next five years will go up by 9.15% per year, following the 7.7% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 0.34% above its 20-day SMA, 0.27% above its 50-day SMA, and -2.7% below its 200-day SMA. In percentage terms, the aggregate 3M Company shares held by institutional investors is 68.4%. 85 institutions jumped in to acquire 3M Company (MMM) fresh stake, 819 added to their current holdings in these shares, 845 lowered their positions, and 75 left no stake in the company.

The stock’s 9-day MACD is 3.65 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 49.84, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 28.37 percent, which is more when compared to that of the 50-day’s 27.2 percent. On the daily chart, we see that the stock could reach the first level of resistance at $206.47, sporting a 2.07% premium to the current level. The next resistance point is at $210.74, representing nearly 4.05% premium to the current market price of 3M Company (MMM). On the other hand, failure to breach the immediate hurdles can drag it down to $197.82, the lower end of the range.